Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June $2022.$

Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor hour. The

jobs were sold for $$400,000.$ Selling and administrative expenses were $$40,000.$ Assume that the amount of raw materials purchased

equaled the amount used.

pute all of the variances for $(1)$ direct materials and $(2)$ direct labor. $($Round per unit values to $2$ decimal places, e$.$g$.52\mathrm{.}7$

answers to $0$ decimal places, e$.$g$.52.)$

Textbook and Media

A$)$ Compute all of the variances for $(1)$ direct materials and $(2)$ direct labor.LQV $$4,800$ F

B$)$ Compute the total overhead variariance

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