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 $0.30 per micron Direct labor: 1.3 hours per toy at $7.20 per hour During July, the company produced 5,200 Maze toys. The toy's production data for the month are as follows: Direct materials: 71,000 microns were purchased at a cost of $0.26 per micron. 32,000 of these microns were still in inventory at the end of the month. Direct labor: 7,160 direct labor-hours were worked at a cost of $55,132. Compute The materials price and quantity variances.