Dawson Toys, Ltd. 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 materials: 8 microns per toy at $0.33 per micron Direct labor: 1.2 hours per toy at $240 per hour During July, the company produced 4,900 Maze toys. The toy's production data for the month are as follows: Direct materials. 71,000 microns were purchased at a cost of $0.32 per micron. 22,000 of these microns were still in Inventory at the Direct labor 6,280 direct labor-hours were worked at a cost of $48,984 ces Required: Compute the following variances for July (Indicate the effect of each variance by selecting "P" for favorable. "U* for unfavorable, final answer to the nearest whole dollar amount.) and "None" for no effect (l..zero variance). Input all amounts as positive values. Do not round intermediate calculations. Round b. The labor rate and efficiency variances, . The materials price and quantity variances to Material price variance Material quantity variance 10. Laborrate variance Labor efficiency variance