Dawson Toys, Limuted, produces a toy called the Maze. The company has recenty created a standard cost system to help control costs and has established the following standards for the Maze toy Direct materials: 6 microns per toy at 50.33 per micron. Direct labor, 12 hours perctoy at $7.20 per hour During buly, the company produced 5,200 Maze toys. The toy's production data for the month are as follows: Direct moterals 72,000 microns were purchased at a cost of 5030 per micton, 33,000 of these microns were still in inveritory at the end of the month Drect labor 6,540 difect labor-hours were worked at a cost of 552,456 Required: 1 Compute the following variances for July (Indicote the effect of each verience by selecting "F" for favoreble, "U" for unfovorable, and "None" for no effect (i.e, zeto varience). Input all amounts os positive values. Do not round intermediete calculotions. Round finel answers to the nebrest whole dollar amount) a. The materials price and quantity varsances b. The labor tate and efficiency varances