Dawson Toys, Limited, produces a toy called the Moze. The company has recently created a standard cost system to help control costs and has established the following standards for the Moze toy Direct materials: 7 microns per toy at $0.30 per micron Direct labor 1.2 hours per toy at $6.60 per hour During July, the company produced 5,000 Maze toys. The toy's production data for the month are as follows: Direct materials: 73,000 microns were purchased at a cost of $0.28 per micron 29,250 of these microns were still in Inventory at the Direct lobor 6,600 direct labor-hours were worked at a cost of $46,200, 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 (le, zero variance). Input all amounts as positive values. Do not round intermediate calculations. Round final answers to the nearest whole dollar amount.) a. The materials price and quantity variances b. The labor rate and efficiency variances end of the month 1. Material price vanance 1a. Material quantity variance 1b. Laborrie variance 1 Laboreiciency variance