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: 8 microns per toy at $0.32 per micronDirect labor: 1.2 hours per toy at $7.40 per hour

During July, the company produced 5,000 Maze toys. Production data for the month on the toy follow:

Direct materials:70,000 microns were purchased at a cost of $0.30 per micron. 20,000 of these microns were still in inventory at the end of the month.Direct labor:6,300 direct labor-hours were worked at a cost of $51,030.

Material price variance $1400 F

Material quantity variance $___?_____ F or U

b.The labor rate and efficiency variances.

Labor rate variance $_________ F or U

Labor efficiency variance $_______ F or U