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Ayala Corporation accumulates the following data relative tojobs started and nished during the month of June 2022. Costs and Production Data Actual Standard Raw materials

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Ayala Corporation accumulates the following data relative tojobs started and nished during the month of June 2022. Costs and Production Data Actual Standard Raw materials unit cost $2.25 $2.1 Raw materials units 10,600 10,000 Direct labor payroll $120,960 $120,000 Direct labor hours 14,400 15,000 Manufacturing overhead incurred $189,500 Manufacturing overhead applied $193,500 Machine hours expected to be used at normal capacity 42,500 Budgeted xed overhead for June $55,250 Variable overhead rate per machine hour $3 Fixed overhead rate per machine hour $1.3 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. 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 nal answers to 0 decimal places, e.g. 52.) (1) Total materials variance 55 :l Materials price variance 55 ':| Materials quantity variance 55 ':| (2) Total labor variance 55 ':| Labor price variance 55 :| Labor quantity variance 55 |:|

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