Zoom. The direct materials and direct labar standards for ane unit of Zaom are given below: Huron Company produces a commercial cleaning compound known Quantity or Hours Standard Price or Rate Standard Cost terials Direct labon ds 0 30 hours 10 7 Co per hour During the most recent month, the follawing activity was recorded: a. 19,250 pounds of material were purchased at a cost of $2.40 per pound b. All of the material purchased was used to produce 2,500 units of Zoom c. 450 hours of direct labor time were recorded at a total labor cost of S4,500 Required: 1. Compute the materials price and quantity variances for the month. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Direct materials price variance Direct materials quantity variance 2. Compute the labor rate and efficiency variances for the month. (Indicate the effect of each variance by selecting "F" for favorable, "u" for unfavorable, and "None" for no effect (i.e., zero variance).) Direct labor rate variance Direct labor efficiency variance