Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2020 Costs and Production Data Actual Standard Raw materials unit cost $2.30 $2.20 Raw materials units 11,100 10,300 Direct labor payroll $170,200 $164,160 Direct labor hours 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 565,250 Variable overhead rate per machine hour $3.00 Foxed overhead rate per machine hour $1.50 Overhead is applied on the basis of standard machine hours, 3.00 hours of machine time are required for each direct labor hour. The jobs were sold for 5460,000. Seting and administrative expenses were $42,100. Assume that the amount of raw materials purchased equaled the amount used. Compute all of the variances for (1) direct materials and (2) direct lobor (Mound par une values to 2 decimal places, ... 62.78 and fina answers to decimal acero Total materials variance Materia's price variance CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION (1) Total materials variance $ Materials price variance > $ Materials quantity variance 5 (2) Total labor variance $ Labor price variance $ Labor quantity variance SHOW LIST OF ACCOUNTS Compute the total overhead variance Total overhead variance $ SHOW LIST OF ACCOUNTS Prepare an income statement for management (Ignore income taxes.) (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to o decimal pr AYALA CORPORATION Income Statement ~