on 11 - Ch 21 Graded Hon X + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&la... Q YouTube S Chrome Maps Gmail () Dashboard () Institution Page opu MyOdu | Main view Setting Ch 21 Graded Homework Saved Help Sa 11 Dawson Toys, Lid., 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: 3 points Direct materials: 6 microns per toy at $0.34 per micron Direct labor: 1.5 hours per toy at $6.60 per hour eBook During July, the company produced 4,600 Maze toys. Production data for the month on the toy follow: Print References Direct materials: 72,000 microns were purchased at a cost of $0.33 per micron. 37,500 of these microns were still in inventory at the end of the month. Direct labor: 7,200 direct labor-hours were worked at a cost of $50,400. Mc Graw Hill 24 a 9 Russell 2000 Q Search +1.79%C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&la... YouTube Chrome Maps Gmail ) Dashboard (2 Institution Page Opu MyOdu | Main view Se Ch 21 Graded Homework i Saved' Help 11 Required: 1. Compute the following variances for July: (Do not round intermediate calculations. Round final answer to the nearest whole dollar. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., 3 zero variance).) points a. The materials price and quantity variances. eBook Print References Material price variance Material quantity variance Mc Graw Hill 24 Q Search a 9 Russell 2000 +1.79%