OL ch9-1 i Saved Help Save & Exit Check my 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: points Standard Standard Quantity or Hours 7.50 pounds 0.30 hours Standard Price or Rate $2.40 per pound $7.00 per hour Direct materials Direct laber During the most recent month, the following activity was recorded a. Thirteen thousand two hundred and fifty pounds of material were purchased at a cost of $220 per pound b. All of the material purchased was used to produce 1500 units of Zoom c. 1000 hours of direct labor time were recorded at a total labor cost of $9.000 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 for favorable. "U" for unfavorable, and "None" for no effect (ezero variance). Input all amounts os positive values. Round your intermediate calculations to the nearest whole dollar.) newoo Luud IL W ELL Gmail YouTube Maps Help Save & Saved OL ch9-16 C 1000 hours of direct labor time were recorded at a total labor cost of $9,000. 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 (.e., zero variance). Input all amounts as positive values. Round your intermediate calculations to the nearest whole dollar.) points eBook 1 Materials price variance References Materials quantity variance Labor rate variance Labor efficiency variance