$1$

Dawson Toys, Ltd$.,$ produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy:

Direct materials: $7$ microns per toy at $$0\mathrm{.}33$ per micron

Direct labor: $1\mathrm{.}1$ hours per toy at $$6\mathrm{.}70$ per hour

$25$

During July, the company produced $5,200$ Maze toys. The toy's production data for the month are as follows:

$02$:$0236$

Direct materials. $72,000$ microns were purchased at a cost of $$0\mathrm{.}30$ per micron. $26,500$ of these microns were still in inventory at the end of the month.

Direct labor, $6,120$ direct labor$-$hours were worked at a cost of $$44,064.$

Required:

Compute the following variances for July: $($Indicate the effect of each 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 answers to the nearest whole dollar amount.$)$

a$.$ The materials price and quantity variances.

b$.$ The labor rate and efficiency variances.