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Seeking help on my accounting homework for class. Thanks. Huron Company produces a commercial cleaning compound known as Zoom. Tho direct materials and direct labor

Seeking help on my accounting homework for class. Thanks.

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Huron Company produces a commercial cleaning compound known as Zoom. Tho direct materials and direct labor standards for one unit onoom are given below: Mud W or MIT] Priw shlldd Hour- or Rab Goal Direct materials 7.30 pounds 3 2.30 per pound 3 20.44 D'racl labor 0.60 hours 3 9.00 per hour 3 5.40 During the mom recent month, the following activity was ramrded: a. 16,600 pounds of material were purchased at a cost of $2.50 per pound. b. All ofthe material purchased was used to produce 2.000 units onoom. c. 1.000 hours ofdirect labor time were recorded at a total labor cost 0312.000. Raqulrad: 1. Compute the materials prim and quantity uarianuaa for the month. {lndlcala the affect of each varlanca by salac'tlng "F' for favorable. 'U" for unfavorable. and \"None" [or no effect {l.e., zero varlancaJ.) Direct materials price variance Direct materials quantity variance 2. Compute the labor rate and efficiency varianoes for the month. (Indloale the effect of each vartanoe by selectlng \"F" for favorable. \"Ll\" for unfavorable. and "None" for no effect (l.e.. zero varlancsi.) Direct labor rate variance Direct labor efciency variance

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