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Dawson Toys, Limited, produces a toy called the Maze with the following standards: Direct materials: 6 microns per toy at $0.31 per micron Direct labor:

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Dawson Toys, Limited, produces a toy called the Maze with the following standards: Direct materials: 6 microns per toy at $0.31 per micron Direct labor: 1.4 hours per toy at $6.80 per hour During July, the company produced 4,900 Maze toys. The toy's production data for the month are as follows: Direct materials. 72.000 microns were purchased at a cost of $0.29 per micron, 35,250 of these microns were still in inventory at the end of the month. Direct labor 7,260 direct labor-hours were worked at a cost of $52,998 Required: 1. Compute the following variances for July: Note: Indicate the effect of each variance by selecting " F " for fovorable, " U " for unfovorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate colculations. Round final answer to the nearest whole dollar omount. a. The materials price and quantity variances. b. The labor rate and efficiency variances. \begin{tabular}{|l|l|l|} \hline 1a. Material price variance \\ \hline 1a. Material quantity variance \\ \hline 1b. Labor rate variance & \\ \hline 1b. Labor efficiency variance & \\ \hline \end{tabular}

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