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Huron Company produces one unit of Zoom are a commercial cleaning compound known given below as Zoom. The direct materials and direct labor standards for Standard Quantity or Standard Price Standard Hours or Rate Cost Direct materials 7.00 pounds $2.20 per pound $7.00 per hour $15.40 S 3.15 Direct labor 0.45 hours During the most recent month, the following activity was recorded: a. 19,500.00 pounds of material were purchased at a cost of $2.10 per pound. b. All of the material purchased c. 1,025 hours of direct labor time were recorded at a total labor cost of $9,225 used to produce 2,500 units of Zoom. was Required: 1. Compute the materials price and quantity variances for the month 2. Compute the labor rate and efficiency variances for the month. (For all requirements, 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. Round your intermediate calculations to the nearest whole dollar.) Materials price variance 1 Materials quantity variance Labor rate variance 2. Labor efficiency variance
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