Ayala Corporation accumulatos the following data relative to jobs started and finished during the month of June 2020. 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 $498,000. Selling and administrative expenses were $37,900. Assume that the amount of raw materials purchased equaled the amount used. Compute all of the vaciances for (1) direct materials and (2) direct labor. (Round per unit values to 2 decimal places, eg. 52.75 and final answers to 0 decimal places, eg. 52) eTextbook and Media Compute the total overhead variance. Total overhead variance Prepare an income statement for management. (Ignore income taxes.) (Round per unit values to 2 decimal places, es. 52.75 and final answers to 0 decimal piaces, eg. 52.)