Dawson Toys, Limited, produces a toy called the Maze with the following standards: Direct materials: 7 microns per toy at $0.33 per micron Direct labor: 1.4 hours per toy at $6.60 per hour During July, the company produced 4,700 Maze toys. The toy's production data for the month are as follows: Direct materials. 79,000 micions were purchased at a cost of $0.31 per micron. 37.875 of these microns were still in inventory at the end of the month. Direct labor, 6,880 direct labor-hours were worked at a cost of $48,848 Required: 1. Compute the following variances for July: Note: Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations. Round final answer to the nearest whole dollar amount. a. The materiais price and quanty variances. b. The labor rate and efficiency variances. a. The materials price and quantity variances. b. The labor rate and efficiency variances