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Huron Corowy produces a commercial cleaning compound known as Zoom The direct materies and direct about standards for one unit of Zoom folow Direct was Direct Labour Variable overhead .hu . . The budgeted fred overhead cott 595.400 per month. The denominator activity level of the Rocation bei 800 direct labour During the most recent month, the towing activity was recorded 9700 kilograme of material were purchased at a cost of $2.22 program b. A total of 40 hours of direct about time was recorded at tabour cou of $9.300 c The variable overhead cott was $1660, and the feed overhead costs $5.499 Assume that the company produced 1200 units using 6700 slogans or in the production process (the rest of the real purchased remained in inventory Required 1. Compote the direct material price and conveniences for the month indicate the effect of the variance by selecting or favourable. "U" for unfavourable, and one for ne efecte ans) Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labour standards for one unit of Zoom follow: Direct materials Direct labour Variable overhead Standard Quantity or Hours 4,40 kilograms 8.40 hour 8.40 hour Standard Price or Rate $ 2.00 per kilogram $10.00 per hour $ 1.60 per hour Standard Cost $8.50 4.00 0.64 The budgeted fixed overhead cost is $15,400 per month. The denominator activity level of the allocation base is 800 direct labour- hours During the most recent month, the following activity was recorded: a. 9.700 kilograms of material were purchased at a cost of $2.22 per kilogram. b. A total of 840 hours of direct labour time was recorded at a total labour cost of $9.300 c. The variable overhead cost was $1,660, and the fixed overhead cost was $15,499. Assume that the company produced 1.200 units using 6.700 kilograms of material in the production process. The rest of the material purchased remained in Inventory) Required 1. Compute the direct materials price and quantity variances for the month (Indicate the effect of each verlance by selecting for favourable. "U" for unfavourable, and "None" for no effect (e. rero varlence).) Materials price variante Materials quantity varao