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Waterway 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 hobs were sold for $489,000. Selling and administrative expenses were $35,800. Assume that the amount of raw materials purchased equaled the amount used. Computeall of the variances for (1) direct materials and (2) direct labor: (Round per unit values to 2 decimal places, es. 52.75 and final answers to 0 decimal places, eg. 52. Compute the total overhead variance. Total overhead variance Prepsre an incomestatement for management. (lignore income taxest (Round per un/t volues to 2 decimal ploces, eg. 52.75 and final