32 Dil Toys, he procesy called the Mare. The company recently red standao watoto and has estabshed the following standards for the Mazetov Direct materials om er toy at 01. per micro Precabant hours per toy at 6.00 hout Is During the company produced 5,000 Mare toys. The toy's production data for the month me as follows Oirect atene 72000 microns were purchased at a cost of $0.11 per micron 29,500 of these microns were in woventory Director: 7400 direct labor hours were worked at a cost of $53.280 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 (i... zero variance). Input all amounts as positive values. Do not round intermediate calculations. Round final answer to the nearest whole dollar amount.) a. The materials price and quantity variances, b. The labor rate and efficiency variances. 1a Material price variance Material quantity variance 1b Labor rate variance Labor efficiency vanance