Question
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
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 $2.30 $2.20
Raw materials units used 11,100 10,300
Direct labor payroll $170,200 $164,160
Direct labor hours worked 14,800 15,200
Manufacturing overhead incurred $202,600
Manufacturing overhead applied $205,200
Machine hours expected to be used at normal capacity 43,500
Budgeted fixed overhead for June $65,250
Variable overhead rate per machine hour $3.00
Fixed overhead rate per machine hour $1.50
Overhead is applied on the basis of standard machine hours.3.00hours of machine time are required for each direct labor hour. The jobs were sold for $460,000. Selling and administrative expenses were $42,100. Assume that the amount of raw materials purchased equaled the amount used.
jQuery22403769103927243025_1573959539322I need help Computing all of the variances for (1) direct materials and (2) direct labor??.
(1)
Total materials variance $
Materials price variance $
Materials quantity variance $
(2)
Total labor variance $
Labor price variance $
Labor quantity variance $
??I need help Computing the total overhead variance.??
Total overhead variance ________________
??If I want to make an Income statement for management??.
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