Ayala Corporation accumulates the following data relative to jobs started and finished during the month...
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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 $1.95 Raw materials units 11,100 10,300 Direct labor payroll $150,000 $145,350 Direct labor hours 15,000 15,300 Manufacturing overhead incurred $232,308 Manufacturing overhead applied $235,008 Machine hours expected to be used at normal capacity 43,500 Budgeted fixed overhead for June $69,600 Variable overhead rate per machine hour $3.20 Fixed overhead rate per machine hour $1.60 Overhead is applied on the basis of standard machine hours. 3.20 hours of machine time are required for each direct labor hour. The jobs were sold for $458,000. Selling and administrative expenses were $42,000. Assume that the amount of raw materials purchased equaled the amount used. Compute all of the variances for (1) direct materials and (2) direct labor. (Round per unit values 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
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