Homework- CH 10-Spring 2021 4 2 pont Dawson Toys, Lid. produces a toy called the Mare The company has recently created a standard cost system to helo control costs and has established the following standards for the Maze toy Direct materials 8 microns per toy at 0.34 per micron Direct labor 12 hours per toy at $200 per hour During July, the company produced 4 900 Maze Toys. The toy's production data for the month are as follows: Direct materia 79.000 microns were purchased at a cost of $0 32 per micron 30.000 of these microns were still in inventory at the end of the month Direct labor 6.180 direct labor hours were worked at a cost of $45,732 Prim o Required: 1 Compute the following vanances for July indicate the effect of each variance by selecting for favorable. "U" for unfavorable. and "None" for no effect zero variance), Input all amounts os 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 laborate and efficiency variances 1 Mitol price variance Material quarta sh Laborato Lahoradenc variance