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A Corporation accumulates the following data relative to jobs started and finished during the month of June 2014. Costs and Production Data Actual Standard Raw

A Corporation accumulates the following data relative to jobs started and finished during the month of June 2014. Costs and Production Data Actual Standard Raw materials unit cost $2.40 $2.20 Raw materials units used 11000 10,100 Direct labor payroll $164,280 $159,600 Direct labor hours worked 14,800 15,200 Manufacturing overhead incurred $235,636 Manufacturing overhead applied $238,636 Machine hours expected to be used at normal capacity 41,500 Budgeted fixed overhead for June $70,550 Variable overhead rate per machine hour $3.20 Fixed overhead rate per machine hour $1.70 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 $467,000. Selling and administrative expenses were $36,500. Assume that the amount of raw materials purchased equaled the amount used.

1- Compute the overhead controllable variance and the overhead volume variance.

what is the total material variance.

Material price variance.

Material quantity variance.

Total Labor variance.

labor price variance .

labor quantity variance.

2- what is the total overhead variance?

3- prepare income statement

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