Business, 19.01.2021 03:30 jasonr182017

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: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 6.80 pounds $ 3.00 per pound $ 20.40 Direct labor 0.50 hours $ 11.00 per hour $ 5.50 During the most recent month, the following activity was recorded: 22,900.00 pounds of material were purchased at a cost of $2.70 per pound. All of the material purchased was used to produce 3,000 units of Zoom. 1,400 hours of direct labor time were recorded at a total labor cost of $18,200. Required: 1. Compute the materials price and quantity variances for the month. 2. Compute the labor rate and efficiency variances for the month.

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Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct...

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