3 Dawson Toys, Ltd. 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 materials: 7 microns per toy at $0.32 per micron Direct labor 13 hours per toy at $710 per hour -Book During July, the company produced 5.500 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 29 per micron 30,875 of these microns were still in inventory at the end of the month Direct labor 7.550 direct lobor-hours were worked at a cost of $56,625 Prime rences Required: 1 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 (.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 vanances Ta $ 2370 Material price vanance Material quantity variance Lisborrate variance Labor efficiency variant th U u