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		$2.20		$2.10
Raw materials units		11,200		10,400
Direct labor payroll		$169,500		$161,120
Direct labor hours		15,000		15,200
Manufacturing overhead incurred		$214,452
Manufacturing overhead applied				$216,752
Machine hours expected to be used at normal capacity				41,500
Budgeted fixed overhead for June				$62,250
Variable overhead rate per machine hour				$3.10
Fixed overhead rate per machine hour				$1.50

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 $458,000. Selling and administrative expenses were $35,700. 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 0 decimal places, e.g. 52.)

(1)

Total materials variance

$

		Materials price variance		$
		Materials quantity variance		$
(2)		Total labor variance		$
		Labor price variance		$
		Labor quantity variance		$

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Compute the total overhead variance.

Total overhead variance

$

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