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 $7.40 per hour During July. the company produced 5,500 Maze toys. The toy's production data for the morth are as follows: Direct materiais. 75,000 microns were purchased at a cost of $0.31 per micron. 20,000 of these microns were still in inveatory at the end of the month. Direct fabor 7,100 direct labor-hours were worked at a cost of $55,380. Required: 1. Compure the following variances for July: (Indicate the effect of each varionce by selecting "F" for fovorable, "U* for unfavorable, ond "None" for no effect (i.e., zero varionce). Input oll amounts as positive values. Do not round intermediate calculotions. Round finol answer to the nearest whole dollor amount.) a. The materials price and quantity variances. b. The labor rate and efficiency vantances