NEEED HELP ASAP

Ch 10 HW 0 Help Save & Exit Submit 2 185 point Dawson Toys, Limited, 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: 7 microns per toy at $0.30 per micron Direct labor. 14 hours per toy at $7.40 per hour During July, the company produced 5,400 Maze toys. The toy's production data for the month are as follows: Direct materials 79.000 microns were purchased at a cost of $0.29 per micron. 31750 of these microns were still in inventory at the end of the month Direct iabor 7960 direct lobor-hours were worked at a cost of $62.088. 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 fi.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. 1. Material price variance 1. Material quantity variance 1b Laborat va to Labor efficiency variance