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Dawson Toys, Limited, produces a toy called the Moze, The company has recently created a...

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Accounting

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Dawson Toys, Limited, produces a toy called the Moze, The company has recently created a standard cost system to help control costs and has established the following standards for the Maze toy: Direct materias: 6 microns per toy at $0.32 per micron Direct labor: 1.2 hours per toy at 57.20 per hout During July, the company produced 5,200 Maze toys. The toy's production data for the month are as follows Direct materias: 72,000 microns were purchased at a cost of $0.29 per micron. 33,000 of these microns were stil in inventory at the end of the month. Direct labor 6,640 direct labor-hours were worked at a cost of $50,464 Required: 1. Compute the following variances foc July: (indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable. and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermedlate calculations, Round final answer to the nearest whole dollar amount. a. The moterials price and quantify variances b. The labor rate and efficiency variances

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