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Coronado Corporation accumulates the following data relative to jobs started and finished during the month...

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Accounting

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Coronado Corporation accumulates the following data relative to jobs started and finished during the month of June 2022. Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor hour. The jobs were sold for $471,000. Selling and administrative expenses were $45,000. 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 volues to 2 decimol places, e.8. 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 Compute the total overhead variance. Total overhead variance $ Prepare an income statement for manugement. (Vgnore income tawes) (Round per unit values to 2 decimal ploces, es. 52.75 and finat answers to 0 decimat alarec. Variancel Materidi Price Variance Gross Profit (Actua) Net inconve/(towi) 5

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