Dawson Toys, Limited, produces a toy called the Maze. The company has recently created a standard cost system to heip controv costs and has established the followng standards for the Mare toy Direct materiais 8 microns per toy at \$0,33 per micron Drect labor: 1.2 hours per toy at $710 per hour Dunng July, the company produced 4,800 Maze toys. The toy's production data for the month are as follows: Direct matenais 71,000 microns were purchased at a cost of $0.32 per micron. 23,000 of these microns were still in inventory ar the end of the mont Direct labor, 6,360 direct labor-hours were worked at a cost of $48,972 Requitred: 1 Compule the following variances for July, (indicate the efrect of each variance by selecting "F" for fovorable, "U" for untavorable, ond "None" for no effect (I.e, zero variance). Input oll amounts as positive values. Do not round intermediate caiculations, Round final enswers to the nearest whole dollor emount) a. The materias pice and quantity vartances b. The labor rate and ethclency varlances