Chapter 10 Homework Seved Help Save & Exit Submit Check my work 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 labor: 1.4 hours per toy at $7.00 per hour During July, the company produced 5,000 Maze toys. The toy's production data for the month are as follows: Direct materials 74,000 microns were purchased at a cost of $0.30 per micron. 36,500 of these microns were still in inventory at the points eBook Print References end of the month Direct labor 7600 direct labor-hours were worked at a cost of $57.760. 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.e., 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 $2,220 F Material quantity variance 1b. Labor rate variance Labor efficiency varianoa Chapter 9 Homework G Saved Help Save & Exit Submit Check my work Pixed Cost per Month Cost per Cruise Cost per Passenger $470.00 $6,400 $ 2,800 5,200 $ 3,500 $ 3.30 Vessel operating costs Advertising Administrative costs Insurance 1.50 $ 40.00 points For example, vessel operating costs should be $6,400 per month plus $470.00 per cruise plus $3.30 per passenger. The company's sales should average $33.00 per passenger. In July, the company provided 58 cruises for a total of 3,100 passengers. Sklpped Required Prepare the company's flexible budget for July eBook Hint Print Alyeski Tours Flexible Budget For the Month Ended July 31 Expenses: Vessel operating costs Advertising Administrative costs Insurance Total expense Net operating income 0 Mc Graw Prev of N Next>