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 $0.33 per micron Direct labor. 1.2 hours per toy at $710 per hour. During July, the company produced 4,800 Maze toys. The toy's production data for the month are as follows: Direct materials: 71,000 microns were purchased at a cost of $0.32 per micron. 23,000 of these microns were still in Inventory at the end of the month. Direct labor 6,360 direct labor-hours were worked at a cost of $48,972. 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 varlance). Input all amounts as positive values. Do not round Intermediate calculations. Round final answers 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 1b. Labor rate variance 1b. Labor efficiency variance

Dawson Toys, Limited, produces a toy called the Maze. The company has recently created a standard cost system to hetp control costs and has established the following standards for the Maze toy: Direct materials: 8 microns per toy at 50.33 per mikron Direct labor 12 hours per toy at $710 per hour. Dunng July, the company produced 4,800 Maze toys The toys production data for the month are as folows: Direct materials 71,000 microns were purchased at a cost of $0.32 per micion 23,000 of these micions were 5 til in inventory at the end of the month Direct labor 6,360 direct labor hours were worked at a cost of $48,972 Required: 1 Compute the following varlancesfor July. (indicate the effect of each voriance by selecting "F" for favorable, "U" for unfovorable, ond "None" for no effect (l.e, zero verience). input all omounts os postive volues. Do not round intermediote calculotions. Round final answers to the nearest whole dollar amount) a. The materlals price and quantity varlances b. The labor rale and emiciency vanances