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 $1.50 per micron Direct labor: 13 hours per toy at \$21 per hour During July, the company produced 3,000 Maze toys. The toy's production data for the month are as follows: Direct materials. 25,000 microns were purchased at a cost of $1.48 per micron. 5,000 of these microns were still in inventory at the end of the month Direct labor 4,000 direct labor-hours were worked at a cost of $88.000. Required: 1. Compute the followng variances for July: (Indicate the effect of eoch voriance by selecting "F" for fovorable, " U " for unfavorable. ond "None" for no effect (i.e., zero variance), Input all amounts os positive values.) a. The materiais price and quantity variances b. The labor rate and efficiency variances