Huron company produces a commerical cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are give below:
Direct materials 4.6lbs $2.50 per lb standard cost $11.50
Direct labor - 0.2hrs $12.00 per hr standard cost $2.40

During the most recent month, the following activity was recorded;
a.Twenty thousand lbs of material were purchased at a cost of $2.35 per lb
b.All of the material purchased was used to produce 4,000 units of Zoom
c.750hrs of direct labor time were recorded at a total labor cost of $10,425

1. Compute the direct materials price and quanitiy variance for the month
2.Compute the direct labor and efficiency variances for the month.