rect or incorrect for the work you have comm ask my work mode : This shows what is cor completion. The company has Dawson Toys, Ltd., produces. a'toy called the Maze. ts and has establi, established a standard cost system to help control cos following standards for the Maze toy: per toy at $0.34 per rnicron y at $6.60 per hour Maze toys. Production dat Direct materials: 6 microns Direct labor: 1.5 hours per to a for the morn ' 1 During July, the company produced 4,600- the toy follow: Dashboard ( Institution Page opu MyOdu | Main view Settin Ch 21 Graded Homework Saved Help Check my work mode : This shows what is correct or incorrect for the work you have completed so far. I completion. 11 the toy follow: Direct materials: 72,000 microns were purchased at a cost of $0.33 per micron. 37,500 of these microns were still in inventory at the end of the month. Direct labor: 7,200 direct labor-hours were worked at a cost of $50,400. points Required: 1. Compute the following variances for July: (Do not round intermediate calculations. Round final answer to the nearest whole dollar. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Mc