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please help, I will upvote thank you, show steps. Dawson Toys, Limited, produces a toy called the Maze with the following standards: Direct materlals: 8

please help, I will upvote thank you, show steps.

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Dawson Toys, Limited, produces a toy called the Maze with the following standards: Direct materlals: 8 microns per toy at $0.34 per micron Direct labor: 1.2 hours per toy at $7.10 per hour During July, the company produced 4,900 Maze toys. The toy's production data for the month are as follows: Direct materlals. 72,000 microns were purchased at a cost of $0.31 per micron. 23,000 of these microns were still in inventory at the end of the month. Direct labor. 6,280 direct labor-hours were worked at a cost of $47,100. Required: 1. Compute the following varlances for July: Note: Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlence). Input all amounts as positlve values. Do not round Intermedlate calculations. Round final answer to the nearest whole dollar amount. a. The materials price and quantity varlances. b. The labor rate and efficlency varlances

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