Dawson Toys, Limited, produces a toy called the Maze. The company has recently created a standard cost system to help control costs and has established the following standards for the Maze toy. Direct materials: 7 microns per toy at $0.31 per micron Direct labor. 1.4 hours per toy at $6.50 per hour During July, the company produced 4,600 Maze toys. The toy's production data for the month are as follows: Direct materiais: 75,000 microns were purchased at a cost of $0.30 per micron. 34,750 of these microns were still In Inventory at the end of the month. Direct labor. 6,940 direct labor-hours were worked at a cost of $49,274. Required: 1. Compute the following variances for July: (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.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 1a. Material quantity variance 16. Labor rate variance 1b. Labor efficiency variance

Dawson Toys. Umited, produces a toy called the Maze The company has recently created a standard cost system to heip control costs and has etrabished the foltowing standards for the Maze toy: Orect igaterials 7 microns per toy at $0.31 per micron Drect labor t ta hous per toy of $650 per hour bumng July, the company produced 4,600 Maze toys. The toy's preduction data for the month are as follows. Dvetr fatenas 75,000 microns were purchased at a cost of $0.30 per micron. 34750 of these microns were syili in inventory at the kne ct the mont. Dhect ibbor 5,949 arect labor-hours were worked at a cost of $49,274 Peculred: reonpute the following yarances for July (Indicate the effect of each variance by selecting "F" for favorablc, "U" for unfovorable, and "None" for no effect (i.t., zefo variance). Input ell amounts as positive values. Do not round intermediate calculatlons. Round (fint onswer to the nearest whole doliar amount) 3. The masentie price ond nuanilly varances of. the iabor rase anic efficency varlaricts