? C & https:// mhedu Ch 10 HW Saed 3 Check my wok Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standand cost system to helo control costs and has established the following standards for the Maze toy Direct materials: 6 microns per toy at $1.50 per micron 10 points Direct labor: 1.3 hours per toy at $21 per hour During July, the company produced 3,000 Maze toys. The toy's production data for the month are as follows Direct materials: 25.000 microns were purchased at a cost of $148 per micron 5,000 of these microns wire stl in inventory at he eBook Print end of the month ReferencesDirect labor 4,000 direct lebor-hours were worked at a cost of $88,000. Required: 1. Compute the following variances for July: Undilcate the effect of each variance by selecting "" for fevorable, "U'" for unfevorable and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) a. The materials price and quantity variances b. The labor rate and efficiency varlances