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show work Dawson Toys. Limited, produces a toy calied the Maze. The company has recently created a standard cost system to help control co: and

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Dawson Toys. Limited, produces a toy calied the Maze. The company has recently created a standard cost system to help control co: and has established the following standards for the Maze toy Direct materials: 7 microns per toy at $0.34 per micron Direct labor, 12 hours per toy at $710 per hour During July, the company produced 5.000 Maze toys. The toy's production data for the month are as follows Direct materials 75,000 microns were purchased at a cost of $0.30 per micron. 31,250 of these microns were still in inveritory at the end of the month. Direct labor 6,500 direct labor-hours were worked at a cost of $50,050 1. Compute the following variances for July: (Indicate the effect of each varionce by selecting "F" for fovorable, "U" for unfavorable Required: and "None" for no effect (l.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations. Roune final answers to the nearest whole dollar amount.) a. The materials price and quantity variances b. The labor rate and efficiency variances

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