2 2.5 pos 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: 6 microns per toy at $0 33 per micron Direct lebor: 1.2 hours per toy et $700 per hour During July, the company produced 5,100 Maze toys. The toy's production data for the month are as follows Direct materials. 79.000 microns were purchased at a cost of $0.30 pet micron 40,750 of these microns were still inventory at the end of the month Direct lobor 6.620 direct labor nours were worked at a cost of $49.650 Required: 1 Compute the following variances for July (indicate the effect of each variance by selecting for favorable "U" for unfavorable, and "None for no effect. xero variance) Input all amounts as positive values. Do not round Intermediate calculations. Round final answer to the nearest whole dollar amount.) The materiais price and quantity variances The loborrate and efficiency variances . 2370 13 Matice variance Material quantity variance Laboravan Libor ciency