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Quiz ChOVariances 0 Seved Help 1 Dawson Toya. Limted, produces a toy called the Maze. The company has recently created 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 $150 per micron Direct labor 13 hours per toy at $21 per hour During July, the company produced 3,000 Maze toys. The toy's production data for the month are as follows: Direct materiale 25,000 microns were purchased at a cost of $1.48 per micron. 5,000 of these microns were still in inventory at the end of the month Director 4,000 direct labor hours were worked at a cost of $80,000 Required: and "None" for no effect , tere variance). Input all amounts as positive values.) Compute the following variances for July: Indicate the effect of each varlance by selecting "P" for favorable, "U" for unfavorable, The materials price and quantity variances The laborate and efficiency variances oranca Marine Labore