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: 8 microns per toy at $0.32 per micron Direct labor: 1.1 hours per toy at $7.10 per hour During July, the company produced 5,300 Maze toys. The toy's production data for the month are as follows: Direct materlals: 72,000 microns were purchased at a cost of $0.30 per micron. 19,000 of these microns were still in Inventory at the end of the month. Direct labor. 6,230 direct labor-hours were worked at a cost of $47,971. Required: 1. Compute the following variances for July: (Indlcate the effect of each varlance by selectlng "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positlve values. Do not round Intermedlate calculatlons. Round flnal answers to the nearest whole dollar amount.) a. The materials price and quantity varlances. b. The labor rate and efficlency varlances