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please help asap Dawson Toys, Ltd, produces a toy called the Maze. The company has recently created a standard cost system to help control costs

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Dawson Toys, Ltd, produces a toy called the Maze. The company has recently created a standard cost system to help control costs and has established the following standards for the Maze toy. Direct materials: 7 microns per toy at $0.33 per micron Direct labor: 1.2 hours per toy at $6.50 per hour During July, the company produced 4,700 Maze toys. The toy's production data for the month are as follows: Direct matenals 77,000 microns were purchosed ot a cost of $0.32 per micron. 35.875 of these microns were still in inveritory ot the end of the month. Direct tabor. 6,040 direct labor hours were worked ot a cost of $42.884 Required: 1. Compute the following voriances for July: (indicote the effect of each varionce by selecting "F" for favorable, "U" for unfovoroble, and "None" for no effect (i.e., zero verience). Input all amounts as positive values. Do not round intermediate calculations. Round final answers to the nearest whole doller emount.) 0 . The moterials price and quontity variances: b. The lobor rate and efficiency varionces

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