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fill in the blanks Huron Company produces a commercial cleaning compound known...

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Accounting

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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. 12,100.00 pounds of material were purchased at a cost of $2.50 por pound. b. All of the material purchased was used to produce 1,500 units of Zoom. c. 575 hours of direct labor time were recorded at a total labor cost of $5,750. Required: 1. Compute the materials price and quantity variances for the month. 2. Compute the labor rate and efficiency variances for the month. Note: For all requirements, Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (li.e., zero variance). Input all amounts as positive values. Round your intermediate calculations to the nearest whole dollar

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