find the labor rate and efficiency variances

Dawson Toys, Ltd, produces a toy called the Maze. The company has recently established a st and has established the following standards for the Maze toy the Maze. The company has recently established a standard cost system to help control costs Direct materials: 7 microns per toy at $0.34 per micron Direct labor: 1.2 hours per toy at $6.90 per hour During July, the company produced 4,800 Maze toys. Production data for the month on the toy follow: Direct materials: 71,000 microns were purchased at a cost of S0.30 per micron. 29,000 of these microns were still n inventory at the end of the month Direct labor 6,260 direct labor-hours were worked at a cost of $45,072 Required: 1. Compute the following variances for July: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Do not round intermediate calculations. Round final answer to the nearest whole dollar.) a. The materials price and quantity variances Answer is complete and correct. Material price 2.840F 2.856 Material quantity variance b. The labor rate and efficiency variances Labor rate varance Labor efficiency variance