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11,100 Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2020. Costs and Production Data Actual Standard Raw materials unit cost $2.10 $1.90 Raw materials units 10,700 Direct labor payroll $163,900 $160,650 Direct labor hours 14,900 15,300 Manufacturing overhead incurred $208,340 Manufacturing overhead applied $211,140 Machine hours expected to be used at normal capacity 41,500 Budgeted fixed overhead for June $66,400 Variable overhead rate per machine hour $3.00 Fixed overhead rate per machine hour $1.60 Overhead is applied on the basis of standard machine hours. 3.00 hours of machine time are required for each direct labc hour. The jobs were sold for $492,000. Selling and administrative expenses were $35,300. Assume that the amount of ra materials purchased equaled the amount used. Compute all of the variances for (1) direct materials and (2) direct labor. (Round per unit valces to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) (1) Total materials variance $ > Materials price variance $ Materials quantity variance $ (2) Total labor variance $ Labor price variance $ Labor quantity variance $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO SIMILAR PROBLEM Compute the total overhead variance. Total overhead variance $ Prepare an income statement for management (Ignore income taxes.) (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to o decimal places, e.g. 52.) AYALA CORPORATION Income Statement S. SHOW LIST OF ACCOUNTS LINK TO TEXT LNK TO TERI LINE TOTENT VIDEO SEMILAR

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