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I'm not sure about my answer Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one

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Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard, StandardPrice Cost Quantity or Standard Price Standard or Rate Direct materials Direct labor Hours 6.80 pounds $ 3.00 per pounds $20.40 0.50 hours $11.00 per hour 5.50 During the most recent month, the following activity was recorded: a. 22,900 pounds of material were purchased at a cost of $2.70 per pound. b. All of the material purchased was used to produce 3,000 units of Zoom. c. 1,400 hours of direct labor time were recorded at a total labor cost of $18,200 Required: 1. Compute the materials price and quantity variances for the month. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Direct materials price variance 6,870 F Direct materials quantity variance

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