$2.40 $2.25 Problem 24-02A (Part Level Submission) 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 Raw materials units 11,100 10,400 Direct labor payroll $177,000 $171,360 Direct labor hours 15,000 15,300 Manufacturing overhead incurred $204,550 Manufacturing overhead applied $206,550 Machine hours expected to be used at normal capacity 41,500 Budgeted fixed overhead for June $62,250 Variable overhead rate per machine hour $3.00 Fixed overhead rate per machine hour $1.50 Overhead is applied on the basis of standard machine hours. 3.00 hours of machine time are required for each direct labor hour. The jobs were sold for $498,000. Selling and administrative expenses were $37,900. Assume that the amount of raw materials purchased equaled the amount used. (a) Your answer is correct. 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 o decimal places, e.g. 52.) ! (1) Total materials variance 3240 Unfavorable Materials price variance 1665 Unfavorable Materials quantity variance 1575 unfavorable $ (2) Total labor variance 5640 T Unfavorable $ Labor price variance 9000 Unfavorable $ Labor quantity variance 3360 Favorable Click if you would like to Show Work for this question: Open Show Work 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 0 decimal places, e.g. 52.) AYALA CORPORATION Income Statement is > Click if you would like to Show Work for this question: Open Show Work