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 micron

Direct labor: 1.5 hours per toy at $6.80 per hour

During July, the company produced 5,500 Maze toys. The toy's production data for the month are as follows:

Direct materials: 74,000 microns were purchased at a cost of $0.30 per micron. 19,000 of these microns were still in inventory at the end of the month.

The labor rate and efficiency variances.