Dawson Toys, Ltd. produces a toy called the Maze. The company has recently established a standard costing system to help control costs with the following standards for the Maze toy Direct materials: 8 microns per toy at $5.00 per micron Direct labour: 0.90 hours per toy at $16.50 per hour Variable overhead: 0.90 hours per toy at $7.50 per hour During July, the company planned to make 5,900 toys, the normal volume, and produced 6,000 Maze toys. Production data for the month on the toy follow Direct materials: 35,990 microns were purchased for use in production at a cost of $4.90 per micron. 14,000 of these microns were still in inventory at the end of the month. Direct labour: 5,900 direct labour-hours were worked at a cost of $100,300. Variable overhead cost was $47,090, and fixed overhead cost was $67,800. The budget variance for July was $0. Required: 1-a. Compute the direct materials price and quantity variances for July. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Materials price variance Materials quantity variance 1-b. Compute the direct labour rate and efficiency variances for July. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Labour rate variance