Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established 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 $0.31 per micron

Direct labor: 1.2 hours per toy at $6.90 per hour

During July, the company produced 4,700 Maze toys. Production data for the month on the toy follow:

Direct materials: 79,000 microns were purchased at a cost of $0.28 per micron. 43,750 of these microns were still in inventory at the end of the month.

Direct labor: 6,140 direct labor-hours were worked at a cost of $45,436.

.	find the materials price and quantity variances. find the labor rate and efficiency variances.