Question 1 (of 5) 10.00 points Dawson Toys, Ltd. produces a toy called the Maze. The company has recently established a standard costing system to help control costs with the following standards for the Maze toy Direct materials: 8 microns per toy at S5.00 per micron Direct labour 0.80 hours per toy at $16.25 per hour Variable overhead: 0.80 hours per toy at $7.25 per hour During July, the company planned to make 5,800 toys, the normal volume, and produced 5,900 Maze toys. Production data for the month on the toy follow. Direct 35,380 were purchased for in at a cost of $4.90 per micron. 13.500 of these microns were still in inventory the end of the month. Direct labour 5,800 direct labour-hours were worked at a cost of $98,600. Variable overhead cost was $44,740, and fixed overhead cost was $66.600. The budget variance for July was $0. Required 1-a. Compute the direct materials price and quantity 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).) Materials price variance Materials quantity variance