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Dawson Toys. Limitedi, produces a toy called the Maze. The company has recently created a standard cost system to help control costs and has established
Dawson Toys. Limitedi, produces a toy called the Maze. The company has recently created a standard cost system to help control costs and has established the following standards for the Maze toy: Direct matetials: 8 micions per toy at $0.30 per micron Direct labor: 12 hous per toy at $730 per hout During July, the company produced 5.000 Maze tion. The toy's protuction data for the month are as follows Direct materits 73.000 mictons were purchased at a cost of 30.29 pect micron. 27.000 of these mictons were still in imventory at the end of the month: Direct haban 65,500 duect Labor-hours were worked at a cost of 550,050 Required: and 'None" for no effect (l.e., sere variance). Input all amounts as positive values. Do not round intermediate caleulations. Round final answers to the nearest whole deliat amount.) a The matertals price and quantity variances. b. The labor rate and elficiency varlances. Dawson Toys. Limitedi, produces a toy called the Maze. The company has recently created a standard cost system to help control costs and has established the following standards for the Maze toy: Direct matetials: 8 micions per toy at $0.30 per micron Direct labor: 12 hous per toy at $730 per hout During July, the company produced 5.000 Maze tion. The toy's protuction data for the month are as follows Direct materits 73.000 mictons were purchased at a cost of 30.29 pect micron. 27.000 of these mictons were still in imventory at the end of the month: Direct haban 65,500 duect Labor-hours were worked at a cost of 550,050 Required: and 'None" for no effect (l.e., sere variance). Input all amounts as positive values. Do not round intermediate caleulations. Round final answers to the nearest whole deliat amount.) a The matertals price and quantity variances. b. The labor rate and elficiency varlances
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