Dawson Toys, Limited, produces a toy called the Maze with the following standards: Diret materials: 7 microns per toy at $0.30 per micron Direct labor: 1.1 hours per toy at $6.80 per hour During July, the company produced 4,700 Maze toys. The toy's production data for the month are as follows: Direct materials. 72,000 microns were purchased at a cost of $0.28 per micron. 30,875 of these microns were still in inventory end of the month. Direct labor. 5,770 direct labor-hours were worked at a cost of $41,544. 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. variance). Input all amounts as positive values. Do not round intermediate calculations. Round final answer to the neare whole dollar amount. a. The materials price and quantity variances. b. The labor rate and efficiency variances. 1a. Material price variance 1a. Material quantity variance 1b. Labor rate variance 1b. Labor efficiency variance U U U

Dawson Toys, Limited, produces a toy called the Maze with thie following standards: Direct labor: 1.1 hours per toy at $6.80 per hour During July, the company produced 4,700 Maze toys. The toy's production data for the month are as follows: Direct materials, 72,000 microns were purchased at a cost of $0.28 per micron, 30,875 of these microns were still in inventor end of the month. Direct labor: 5,770 direct labor-hours were worked at a cost of $41,544. 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 ( variance). Input all amounts as positive values. Do not round intermediate calculations. Round final answer to the near whole dollar amount. a. The materials price and quantity variances. b. The labor rate and efficiency variances