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Seeking help on my accounting homework for class. thanks. Huron Company produces a commercial cleaning compound known as Zoom. The 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. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Stand-d Pris Shridud Hours or Rate Gout Dirndl materials 5.9 pounds 5 2150 per pound 5 14.75 Direct labor .5 hours S 850 per hour 5 4.25 During the most recent month, the following activity was retarded: a. Eleven thousand four hundred pounds ofmaterial were purchased at a cost of $2.40 per pound. b. The company produced only 1,140 unitsI using 10,260 pounds of material. (The rest ofthe material purchased remained in raw materials inventory.) c. 670 hours of direct labor time were retarded eta total labor cost of$8.040. Required: Compute the materials price and quantity variances for the month. [Indlcstne the effect of each variance by selecting "F" for favorable, "U" for unfavorable. and "None\" for no effect [I.e., zero vsrlancel.) Direct materials prim variance Direct materials quantity variance

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