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please help Exercise 10-6 Direct Materials and Direct Labor Variances [L010-1, LO10-2] Huron Company produces a commerclal cleaning compound known as Zoom. The direct materlals

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Exercise 10-6 Direct Materials and Direct Labor Variances [L010-1, LO10-2] Huron Company produces a commerclal cleaning compound known as Zoom. The direct materlals and direct labor standards for one unit of Zoom are glven below Standard Quantity or Standard Price Standard or Rate $2.90 per pound $9.e0 per hour Cost $19.72 $1.8e Hours Direct materials Direct labor 6.8e pounds e.20 hours During the most recent month, the following activity was recorded: a. 15,100.00 pounds of material were purchased at a cost of $2.60 per pound b. All of the material purchased was used to produce 2,000 units of Zoom. C. 300 hours of direct labor time were recorded at a total labor cost of $3,300 Requirec 1. Compute the materlals price and quantity varlances for the month. 2. Compute the labor rate and efficiency variances for the month. (For all requlrements, Indicate the effect of each varlence by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as posltlve values. Round your Intermedlete calculatlons to the nearest whole dollar.) 1 Materials price variance Materials quantity variance Labor rate variance Labor efficiency variance 2

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