Problem 23-2A (Part Level Submission) Ayala Corporationaccumulates the following data relative to jobs started andfinished during the month of June 2017. Costs and Production DataActual Standard Raw materials unit cost $2.30 $2.20 Raw materialsunits used 11,100 10,400 Direct labor payroll $174,640 $171,360Direct labor hours worked 14,800 15,300 Manufacturing overheadincurred $214,678 Manufacturing overhead applied $218,178 Machinehours expected to be used at normal capacity 43,500 Budgeted fixedoverhead for June $65,250 Variable overhead rate per machine hour$3.10 Fixed overhead rate per machine hour $1.50 Overhead isapplied on the basis of standard machine hours. 3.10 hours ofmachine time are required for each direct labor hour. The jobs weresold for $476,000. Selling and administrative expenses were$40,000. Assume that the amount of raw materials purchased equaledthe amount used. (a) Compute all of the variances for (1) directmaterials and (2) direct labor. (Round answers to 0 decimal places,e.g. 125.) (1) Total materials variance $ Materials price variance$ Materials quantity variance $ (2) Total labor variance $ Laborprice variance $ Labor quantity variance $
