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

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Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2014. Costs and Production Data Actual Standa Raw materials unit cost Raw materials units used Direct labor payroll Direct labor hours worked Manufacturing overhead incurred Manufacturing overhead appliecd 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 $2.50 11,400 $2.35 10,940 $166,880 $162,639 15,300 14,900 $229,597 $232,407 42,000 $75,600 $3.10 $1.80 Overhead is applied on the basis of standard machine hours. 3.10 hours of machine time are required for each direct labor hour. The jobs were sold for $480,000. Selling and administrative expenses were $41,000. Assume that the amount of raw materials purchased equaled the amount used. (a) & (b) Compute all of the variances for (1) direct materials and (2) direct labor. (Round answers to o decimal places, e.g. 125.) (1) Total materials variance 1710 Favorable Materials price variance s Materials quantity vanance (2) Total labor variance Labor price variance Labor quantity variance s Compute the total overhead variance. Total overhead variance Click if you would like to Show Work for this

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