Dawson Toys, Limited, produces a toy called the Maze. The company has recently created a standard cost system to help control costs and hos established the following standards for the Maze toy: Direct materials: 6 mictons per toy at $0.30 per micron Direct labor 14 hours per toy at $7.50 per hour buring July, the compary produced 4,800 Maze toys. The toy's production data for the month are as follows: Divect materials 70,000 microns were purchosed at a cost of $0.27 per micron. 34,000 of these microns were still in inventory at the end of the month Direct labor: 7,220 direct labor-hours were worked at a cost of $57,760 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 (i.e, zero varience), Input all amounts or positive values. Do not round intermedlate calculations. Round finol onswer to the nearest whole doliar amount.) 6. The materials pice and quantify varances 6. The lobor rote and efficiency variances