alance Analysis augment - Connect LOB-Variance Analysis Assignment Help Save & ER Sub 3 Exercise 11-2 Computing All Variances (L03 - CC15, 17, 18, LO4 - CC22, 23) Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct tabour standards for one unit of Zoom follow. 8 points Direct materials Direct labour Variable overhead Standard Quantity or Hours 4.10 kilograms 0.41 hour 0.41 hour Standard Price or Rate $2.10 per kilogram $8.00 per hour $1.30 per hour Standard Cost $8.61 3.28 0.53 look Print The budgeted fixed overhead cost is $14,224 per month. The denominator activity level of the allocation base is 1148 direct labour-hours During the most recent month, the following activity was recorded a. 9,900 kilograms of material were purchased at a cost of $2.20 per kilogram b. All of the material purchased was used to produce 2,800 units of Zoom. C A total of 770 hours of direct labour time was recorded at a total labour cost of 9,086 d. The variable overhead cost was $1.540, and the fixed overhead cost was $22,811. References Required: 1. Compute the direct materials price and quantity variances for the month (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effectie, zero variance).) 9901 Materials price variance Material quantity variance $ 3.3180