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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

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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: 6 microns per toy at $0.33 per micron Direct labor: 1.2 hours per toy at $7:10 per hour Duting July, the company produced 5.000 Maze toys. The toy's production data for the month are as follows: Direct materials 73,000 microns were purchased at a cost of $0,32 per micton. 35,500 of these microns were stil in inventory at the end of the month. Direct labor, 6,300 direct labor hours were worked at a cost of $48,510 1. Compute the following varlances for July: (Indicate the effect of each voriance by selecting "F" for fovorable, "U" for unfavorable, Required: and "None" for no effect (l.e., zero voriance). Input all amounts as positive volues. Do not round intermediate calculations. Round finol onswer to the nearest whole dollor omount.) a. The materials price and quantity variances b. The labor rate and efficlency varlances

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