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: 7 micions per toy at $0.30 per micron Direct labor: 1.2 hours per toy at $7,40 per hour During July, the company produced 5,300 Maze toys. The toy's production data for the month are as follows: Direct materias 77,000 microns were purchased at a cost of $0.28 per micton. 30.62 .5 of these microns were stili in inventory at the end of the month. Direct labor. 6,760 direct labor-hours were worked at a cost of $53,404 Required: 1. Compute the following variances for July: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (..e, zero variance), Input all amounts as positive values. Do not round intermediate calculations. Round finol answer to the nearest whole doliar amount.) a. The materials price and quantity variances. b. The lobor rate and efficiency variances