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Need as soon as possible please 10 Check my work Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct
Need as soon as possible please
10 Check my work 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 Quantity Standard or Hours Standard Price or late Cost Direct materials 7.30 pounds 32.30 per pound $17.94 Direct labor 0.30 hours $ 8.00 per hour $ 2.40 During the most recent month, the following activity was recorded a. 25.900.00 pounds of material were purchased at a cost of $210 per pound b. All of the material purchased was used to produce 3.000 units of Zoom. c. 700 hours of direct labor time were recorded at a total labor cost of $6.300 Required: 1. Compute the materials price and quantity variances for the month 2. Compute the labor rate and efficiency variances for the month For all requirements, indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable and "None" for no effectezero variance). Input all amounts as positive values. Round your intermediate calculations to the nearest whole dollar) 1. Material price variance Materials in varne 2. Lewrance 2. Labor ciency and Step by Step Solution
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