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 Eleven thousand four hundred pounds of material were purchased at a cost of $ per pound.
b The company produced only units, using pounds of material. The rest of the material purchased remained in raw
materials inventory.
c hours of direct labor time were recorded at a total labor cost of $
Required:
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 ie zero variance Input all amounts as positive values. Do not round
intermediate calculations.
