You skipped is question in the previous attemat Check my work 4 0114 Dawson Toys. Lid. 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 $0.33 per micron Direct labor 11 hours per toy at $750 per hour During July, the company produced 5.200 Maze toys. The toy's production date for the month are as follows Direct mais 71.000 microns were purchased at a cost of $0.31 per micron 32,000 of those microns were still in inventory at the end of the month Direct labor 6,220 direct labor nours were worked at a cost of $50,382. Required: 1. Compute the following variances for July (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values. Do not round Intermediate calculations. Round final answer to the nearest whole dollar amount.) a. The materials price and quantity variances. b. The labor rate and efficiency variances int 1a. Material price variance Material quantity variance 16. Laborrate variance Labor efficiency variance of 5 Slayt