Huron Company produces a cleaning compound called Zoom. To produce one unit requires 2.9 pounds of materials costing $2.90 per pound and 0.5 hours of direct labor costing $6 per hour. Last month, Huron purchased 10,400 pounds of materials for $30,360 but only used 9,360 pounds to produce 1,040 units. They incurred $6,192 of direct labor costs using 516 hours.

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: During the most
recent month, the following activity was recorded: a. Ten thousand four hundred pounds of
material were purchased at a cost of $2.90 per pound. b. The company produced only 1,040
units, using 9,360 pounds of material. (The rest of the materiai purchased remained in raw
materials inventory) = 516 hours of direct labor time were recorded at a total labor cost of
$6,192. lequired: ompute the materials price and quantity variances for the month. (Indicate the
effect of each variance by selecting "F" for vorable, "U" for unfavorable, and "None" for no
effect (i.e., zero variance). Input all amounts as positive values. Do not round termediate
calculations.)