Dawson Toys, Ltd. procuces e toy caled the Maze. The company has recenty estabished a standard cost system to heip control costs and has established the following standards for the Maze toy: Direct materials: 6 microns per toy at $1.50 per micron Direct labor: 1.3 hours per toy at $21 per hour During July, the company produced 3,000 Meze toys. The toy's production data for the month are as follows Direct materials: 25,000 microns were purchased at a cost of $1.48 per micron. 5,000 of these microns were still in inventory at the end of the month. Direct labor 4,000 direct labor-hours were worked at a cost of $88,000 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 (.e., zero variance). Input all amounts as positive values.) a. The materials price and quantity variances b. The labor rate and efficiency variances Material price variance Material quantity varance b. Labor rate variance Labor efficiency variance K Prev4 of 4