https% Lesson 6 Homework Help Save&Exit Submit Check my work 3 Dawson Toys, Ltd, produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy 176 points Direct materials: 8 microns per toy at $0.32 per micron Direct labor: 12 hours per toy at $6.60 per hour Skppe During July, the company produced 4,800 Maze toys. The toy's production data for the month are as follows Direct materials 75,000 microns were purchased at a cost of $0.28 per micron 27,000 of these microns were stil in inventory at the end of the month Direct labor 6,160 direct labor-hours were worked at a cost of $43,736 Book Rederences Required: 1 Compute the following variances for July. (Indicete the effect of each variance by selecting "F for favorable, "U" for unfavorable, and "None"for no effect (ie, zero variance). Input all emounts as positive values. Do not round intermediate colculations. Round final answer to the nearest whole dollar amount a. The materials price and quantity variances b. The labor tate and eficiency variances. 1a. Material price variance Material quanfity variance b Labor rate variance Labor efficiency variance K Prev 3 of 17E Next >