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Calculate the revenue and spending variances for September. (Indicate the effect of each variance by selecting F f favorable, U for unfavorable, and

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Calculate the revenue and spending variances for September. (Indicate the effect of each variance by selecting " F " f favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Dawson Toys, Limited, produces a toy called the Maze. The company has recently created a standard cost system to help control cost: and has established the following standards for the Maze toy: Direct materials: 7 microns per toy at $032 per micron Direct labor: 13 hours per toy at $660 per hour During July, the company produced 5,000 Maze toys. The toy's production data for the month are as follows Direct materials, 73,000 micions were purchased at a cost of $0,30 per micron. 29,250 of these microns were still in inventory at the end of the month Direct labor 6,900 direct lebor-hours were worked at a cost of $48,300 Requited: 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.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. Prepare the company's flexible budget for September. The Gourmand Cooking School runs short cooking courses at its small campus. Management has identifed two cost drivers it uses its budgeting and performance reports - the number of courses and the total number of students. For example, the school might run two courses in a month and have o total of 64 students enrolled in those two courses. Data concerning the company's cost formulas appear below: For example, administrative expenses should be $3,600 per month plus $42 per course plus $5 per student. The company's sales should average $880 per student. The company planned to run four courses with a total of 64 students, however, it actually ran four courses with a total of only 60 students. The actual operating results for September appear below: Prepare the company's planning budget for September

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