Please Do not Give image format Dawson Toys, Ltd. produces a toy called the Maze. The company has recently established a standard costing system to help controlcosts with the following standards for the Maze toy:Direct materials: 8 microns per toy at $3.50 per micronDirect labour: 0.90 hours per toy at $15.00 per hourVariable overhead: 0.90 hours per toy at $6.00 per hourDuring July, the company planned to make 5,300 toys, the normal volume, and produced 5,400 Maze toys. Production data for themonth on the toy follow:Direct materials: 32,330 microns were purchased for use in production at a cost of $3.40 per micron. 11,000 of these microns were stillin inventory at the end of the month.Direct labour: 5,300 direct labour-hours were worked at a cost of $90,100.Variable overhead cost was $33,740, and fixed overhead cost was $60,600. The budget variance for July was $0.Required:1-a. Compute the direct materials price and quantity variances for July. (Indicate the effect of each variance by selecting "F" forfavourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).)Materials price varianceMaterials quantity varianceAnswer is not complete.F$ 76,545✓✔ F Dawson Toys, Ltd. produces a toy called the Maze. The company has recently established a standard costing system to help controlcosts with the following standards for the Maze toy:Direct materials: 8 microns per toy at $3.50 per micronDirect labour: 0.90 hours per toy at $15.00 per hourVariable overhead: 0.90 hours per toy at $6.00 per hourDuring July, the company planned to make 5,300 toys, the normal volume, and produced 5,400 Maze toys. Production data for themonth on the toy follow:Direct materials: 32,330 microns were purchased for use in production at a cost of $3.40 per micron. 11,000 of these microns were stillin inventory at the end of the month.Direct labour: 5,300 direct labour-hours were worked at a cost of $90,100.Variable overhead cost was $33,740, and fixed overhead cost was $60,600. The budget variance for July was $0.Required:1-a. Compute the direct materials price and quantity variances for July. (Indicate the effect of each variance by selecting "F" forfavourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).)Materials price varianceMaterials quantity varianceAnswer is not complete.F$ 76,545✔ F

Name: Please Do not Give image format Dawson Toys, Ltd. produces a toy calle
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Please Do not Give image format Dawson Toys, Ltd. produces a toy called the Maze. The company has recently established a standard costing system to help controlcosts with the following standards for the Maze toy:Direct materials: 8 microns per toy at