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 7.50 pounds $ 2.30 per pounds $ 17.25
Direct labor 0.35 hours $ 7.50 per hour $ 2.63
During the most recent month, the following activity was recorded:
a. 16,500 pounds of material were purchased at a cost of $2.10 per pound.
b. All of the material purchased was used to produce 2,000 units of Zoom.
c. 500 hours of direct labor time were recorded at a total labor cost of $4,250.