Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2020. a ormal capacity ir Actual Standard $2.00 $1.85 11,500 10,900 $163,900 $159,600 14,900 15,200 $223,976 $226,176 42,500 $72,250 $3.10 $1.70 1 of 1 < > -/1 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 $456,000. Selling and administrative expenses were $36,500. Assume that the amount of raw materials purchased equaled the amount used. Compute all of the variances for (1) direct materials and (2) direct labor. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 52.) $ SA 2,835 $ 1,725 $ 1,110 $ 4,300 > > > $ 7,450 SUPPORT 1 of 1 < - / 1 eTextbook and Media WN- = Compute the total overhead variance. $ eTextbook and Media > Prepare an income statement for management. (Ignore income taxes.) (Round per unit values to 2 decimal places,