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 Hours 6.6 pounds 0.4 hours Standard Price or Rate S 3.00 per pound $12.00 per hour Standard Cost $19.80 S 4.80 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Twelve thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound. b. The company produced only 1,280 units, using 11,520 pounds of material. The rest of the material purchased remained in raw materials inventory.) C. Six hundred and twelve hours of direct labor time were recorded at a total labor cost of $7,344. Required: Compute the materials price and quantity variances for the month. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Direct materials price variance Direct materials quantity variance