Dawson Toys. Limited, proctuces a toy called the Mare. The compary has recenty created a standard cosi syctem to help conteot coshs and has established the following standards for the Maze toy? Difect materlals: 8 microns per toy at 5033 per migron Direct labor: 1.3 hours per toy at $6.90 per hour During July the company produced 4,600 Mare toys. The fay's production itata for the month are as follows: Direct materials 80.000 microns weve purchased at a cost or $0.30 per micron. 34.000 of these microns wete stie th invertory at thin end of the month. Direct labor 6.380 direct labor-hours were worked at a cost of $97,860 Required: 1. Compute the following variances for July, findicate the effect of ench variance by selecting 'F" for favorabie, "U" for uniavorable, and "None" for no effect (i.e. zero variancel. Input all nmounts as positive values. Do not round intermediate caicuieriens. Round final answers to the nesrest whicle dolier amount.) a. The materlaks price and quantity vaitances. b. The labor rate and efficietecy variancess