Topper Toys has developed a new toy called the Brainbuster. The company has a standard cost system to help control costs and has established the following standards for the Brainbuster toy: Direct materials: 8 diodes per toy at $0.35 per diode Direct labor: 1.4 hours per toy at $7.40 per hour During August, the company produced 5, 300 Brainbuster toys. Production data on the toy for August follow: Direct materials: 73, 000 diodes were purchased at a cost of $0.34 per diode. 20, 000 of these diodes were still in inventory at the end of the month. Direct labor: 7, 720 direct labor-hours were worked at a cost of $60, 216. Required: 1. Compute the following variances for August: (Input all amounts as positive values. Do not round your per unit rates, round other intermediate calculations and your final answer to nearest whole dollar. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) a. Direct materials quantity and price variances. b. Direct labor efficiency and rate variances