Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2014.

Prepare an income statement for management. (Ignore income taxes.)

Need help with the red boxes please!! Thank you!

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 2850 Unfavorable 159 Unfavorable 126 Unfavorable 590 unfavorab Materials price variance Materials quantity variance (2) Total labor variance 960 Unfavorable 5760 favorable 4800 Favorable Labor price variance rable Labor quantity variance s