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Dawson Toys, Limited, produces a toy called the Maze. The company has recently created a standard cost system to help control costs and has established the following standards for the Maze toy. Direct material5: 7 microns per toy at $0.32 per micron Direct labor. 1.1 hours per toy at $7.50 per hour During July, the company produced 5,400 Maze toys. The toy's production data for the month are as follows: Direct materials 70,000 microns were purchased at a cost of $0.30 per micron. 22,750 of these microns were still in inventory at the end of the month. Direct labor: 6.440 direct labor-hours were worked at a cost of $50,232 Required: 1. Compute the following variances for July: (Indicate the effect of esch variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations. Round final answer to the nearest whole dollar amount.) b. The materials price and quantity variances. b. The labor rate and efficiency variances. 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. Thirteen thousand two hundred pounds of material were purchased at a cost of $2.90 per pound. b. The company produced only 1,320 units, using 11,880 pounds of material. (The rest of the material purchased remained in raw materials inventory.) c. 628 hours of direct labor time were recorded at a total labor cost of $7,536. Required: Compute the materials price and quantity variances for the month. (Indicate the effect of each variance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.)