EXERCISE $10-6$ Direct Materials and Direct Labor Variances $$ LO$10-1,\frac{\frac{?}{?}}{?}$ LO$10-2$

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:

$\backslash$table$[[,\backslash$table$[[$Standard Quantity$],[$or Hours$]],\backslash$table$[[$Standard Price$],[$or Rate$]],\backslash$table$[[$Standard$],[$Cost$]]],[$Direct materials,$4\mathrm{.}6$ pounds,$$2\mathrm{.}50$ per pound,$$11\mathrm{.}50$