ANSWER QUESTION (C) i provided (a)(b)

Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2020 . Overhead is applied on the basis of standard machine hours. 3.20 hours of machine time are required for each direct labor hour. The jobs were sold for $492,000. Selling and administrative expenses were $39,400. Assume that the amount of raw materials purchased equaled the amount used. (is) Atsenpen \{ 1:3=1 Question 3 of 4 16.67/25; AYALA CORPORATION Income Statement For the Month Ended June 30, 2020 Salos Revenue: Cost of Goods Sold (at standard) Cost of Goods Sold (at standard) Variances Materials Price 5 Materials Quantity Labor Price Labor Quantity Overhead Total Variance: Gross Profit (actuali) Selling and Administrative Expenses Net income / (t.oss) Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2020 . Overhead is applied on the basis of standard machine hours. 3.20 hours of machine time are required for each direct labor hour. The jobs were sold for $492,000. Selling and administrative expenses were $39,400. Assume that the amount of raw materials purchased equaled the amount used. (is) Atsenpen \{ 1:3=1 Question 3 of 4 16.67/25; AYALA CORPORATION Income Statement For the Month Ended June 30, 2020 Salos Revenue: Cost of Goods Sold (at standard) Cost of Goods Sold (at standard) Variances Materials Price 5 Materials Quantity Labor Price Labor Quantity Overhead Total Variance: Gross Profit (actuali) Selling and Administrative Expenses Net income / (t.oss)