Huron company produces a commercial cleaning compound known aszoom, the direct materials and direct labor standards for one unitof zoom are given below:

Standard Quantity orhours Standard price orrate standard cost

Direct materials......... 4.6 pounds...............$2.50 perpound...........................$11.50
Direct labor................0.2 hours.................$12.00 perhour...........................$2.40

During the most recent month, the following activity wasrecorded:
a. twenty thousand pounds of material were purchased at a a cost of$2.35 per pound.
b. all of the material purchased was used to produces 4,000 unitsof zoom.
c. 750 hours of direct labor time were recorded at a labor coast of$10,425.

Required:

1. compute the direct materials price and quantity variances forthe month
2. compute the direct labor rate and efficiency variances for themonth