Saved er Dawson Toys, Ltd., produces a toy called the Maze The company has recently creoted a standard cost system to help control costs and has established the following standards for the Maze toy Direct materials: 6 microns per toy at $0.31 per micron Direct labor: 1.2 hours per toy at $710 per hour During becmpany rodc 4to The ty prodcton dasa Direct materials 72.000 microns were purchased at a cost of S0.29 per micron. 35,250 of these microns were still in inventory at the produced 4,900 Maze toys. The toy's production data for the month are as follows: 0349 end of the month. Direct labor 6.280 direct labor-hours were worked at a cost of $47,728. Required: 1 Compute the following variances for July: (Indicate the effect of each variance by selecting and "None" for no effect (i.e., zero variance), Input all amounts as positive values. Do not round int "F" for favorable, "U" for unfavorable, final answers to the nearest whole dollar amount.) a. The materials price and quantity variances. b. The labor rate and efficiency variances. Material price variance Material quantity variance 1a. 1b. Labor rate variance Labor efficiency vanance Prev3 of 4 Next >