sHuron Company produces a cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Direct materials. Direct labor Standard Quantity or Hours 5.60 pounds 0.40 hours Standard Price or Rate $ 3.00 per pound $ 7.00 per hour Materials price variance Materials quantity variance Standard Cost $ 16.80 $ 2.80 During the most recent month, the following activity was recorded: a. Ten thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound. b. The company produced only 1,080 units, using 9,720 pounds of material. (The rest of the material purchased remained in raw materials inventory.) c. 532 hours of direct labor time were recorded at a total labor cost of $6,384. Required: Compute the materials price and quantity variances for the month. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.

Huron Company produces a cleaning compound known as Zoom, The direct materials and direct labor standards for one unit of Zoo are given below: During the most recent month, the following activity was recorded: a. Ten thousand eight hundred pounds of materlat were purchased at a cost of $2.90 per pound. b. The company produced only 1,080 units, using 9.720 pounds of moterial. (The rest of the materiai purchased remained in raw materlals inventory) c. 532 hours of direct labor time were recorded at a total labor cost of $6,384 Required: Compute the materials price and quantity variances for the month. Note: Indicate the effect of each variance by selecting " F " for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance), Input all amounts as positive values. Do not round intermediate calculations. Huron Company produces a cleaning compound known as Zoom. The direct materlals and direct labor standards for one unit of Zoom are given below: During the most recent month, the following activity was recorded: a. Ten thousand eight hundred pounds of material were purchesed at a cost of $2.90 per pound. b. The company produced only 1,080 units, using 9.720 pounds of meterial. (The rest of the material purchesed remained in row materials inventorys c. 532 hours of direct labor time were recorded at a total labor cost of $6,384. Required: Compute the materials price and quantity variances for the month. Note: Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (l,e, zero varlance). Input all amounts as positive values. Do not round intermediate calculations