Exercise $10-7($Algo$)$ Direct Materials Variances $[$L$010-1]$

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$[[,,,],[,$Standard Quantity or$,,],[$Direct materials,Hours,Standard Price or Rate,Standard Cost$],[$Direct labor,$5\mathrm{.}60$ pounds,$$3\mathrm{.}00$ per pound,$$16\mathrm{.}80$