Exercise $10-8($Algo$)$ Direct Materials and Direct Labor Variances $[$LO$10-1,$ LO$10-2]$

Dawson Toys, Limited, produces a toy called the Maze with the following standards:

Direct materials: $7$ microns per toy at $$0\mathrm{.}33$ per micron

Direct labor: $1\mathrm{.}2$ hours per toy at $$6\mathrm{.}60$ per hour

During July, the company produced $5,300$ Maze toys. The toy's production data for the month are as follows:

Direct materials: $72,000$ microns were purchased at a cost of $$0\mathrm{.}30$ per micron. $25,625$ of these microns were still in inventory at the end of the month.

Direct labor. $6,760$ direct labor$-$hours were worked at a cost of $$48,672.$

Required:

Compute the following variances for July:

Note: Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfovorable, and "None" for no effect $($i$.$e$.,$ zero variance$).$ Input all amounts as positive values. Do not round intermediate calculations. Round final answer to the nearest whole dollar amount.

a$.$ The materials price and quantity variances.

b$.$ The labor rate and efficiency variances.

$\backslash$table$[[1$a$.$ Material price variance,$$,2,160,$F$],[1$a$.$ Material quantity variance,$$,9,357,$U$],[1$b$.$ Labor rate variance,$$,4,056,$U$],[1$b$.$ Labor efficiency variance,$$,2,640,$U$]]$