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Determine the standard price of a kilogram of while chocolate. 2.Determine the standard quantity of white chocolate for a dozen truffles. Determine the standard cost

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Determine the standard price of a kilogram of while chocolate. 2.Determine the standard quantity of white chocolate for a dozen truffles. Determine the standard cost of the white chocolate in a dozen truffles. 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 $0.50 per micron Direct labor: 1.3 l^urs per toy at $8 hour During July, the company produced 3,000 Maze toys. Production data for the month on the toy follow: Direct materials: '25,OO0,microns were purchased at a.cost of $0.48 per micron. 5,000 of these microns were still in inventory at the end of the month. Direct labor: 4,000 direct labor-hours were worked at a cost of $36,000. Required:Compute the following variances for july: a.Direct materials price and quantity variances. b.Direct labor rate and efficiency variances. 2.Prepare a brief explanation of the possible causes of each variance

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