(a) Your answer is correct. Compute all of the variances for (1) direct materials and (2) direct labor. (Round answers to 0 decimal places, e.g. 125.) (1) Total materials variance 4040 Unfavorable Materials price variance 2240 Unfavorable Materials quantity variance 1800 Unfavorable (2) Total labor variance 5990 Unfavorable Labor price variance 10430 Unfavorable Labor quantity variance 4440 Favorable Click if you would like to Show Work for this question: Open Show Work (b) Your answer is correct. Compute the total overhead variance. Total overhead variance (3800) Favorable Click if you would like to Show Work for this question: Open Show Work Pronaning statement for management. (Ignore income taxes.) (Round answers to 0 decimal places, e.g. 125.) Collapse question part AYALA CORPORATION Income Statement $ + $ Click if you would like to Show Work for this question: Open Show Work Problem 23-2A (Part Level Submission) Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017. Costs and Production Data Actual Standard Raw materials unit cost Raw materials units used $2.20 11,200 $175,820 14,900 $202,750 $2.00 10,300 $169,830 15,300 Direct labor payroll Direct labor hours worked Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for June Variable overhead rate per machine hour Fixed overhead rate per machine hour $206,550 43,500 $65,250 $3.00 $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 $489,000. Selling and administrative expenses were $35,800. Assume that the amount of raw materials purchased equaled the amount used