huron company produces a commercial cleaning compound known as z 372748

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)Twenty thousand pounds of material were purchased at a cost of $2.35 per pound.

(b)All of the material purchased was used to produce 4,000 units of Zoom.

(c) 750 hours of direct labor time were recorded at a total labor cost of $10,425.

Required:

1. Compute the direct materials price and quantity variances for the month.

2. Compute the direct labor rate and efficiency variances for themonth.