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 $0.34 per micron

Direct labor: 1.4 hours per toy at $7.30 per hour

During July, the company produced 5,400 Maze toys. The toy's production data for the month are as follows:

Direct materials: 79,000 microns were purchased at a cost of $0.31 per micron. 38,500 of these microns were still in inventory at the end of the month.

Direct labor: 7,860 direct labor-hours were worked at a cost of $62,094.