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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

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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: 7 microns per toy at $0.30 per micron Direct labor. 13 hours per toy at 57.40 per hour During July, the company produced 5,400 Maze toys. The toy's production data for the month are as follows: Direct materials 78.000 microns were purchased at a cost of $0 22 per micron 30750 of these microns were still in inventory at the Direct labor 7420 direct Inbor-hours were worked at a cost of $59.350 Required: 1 Compute the following vortances for July (indicate the effect of each variance by selecting "Por favorable. "U" for unfavorable, and "None for no effectie, zero varience). Input all amounts as positive values. Do not round Intermediate calculations. Round final answer to the nearest whole dollar amount.) The mattis once and quantity vonances The sborrate and efficiency volonces. h end of the month

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