Bonita 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 $450,000. Selling and administrative expenses were $44,300. Assume that the amount of raw materials purchased equaled the amount used. Your answer is correct. Compute all of the variances for (1) direct materials and (2) direct labor, (Round per unit values to 2 decimal ploces, eg. 52.75 and final answers to 0 decimal places, es. 52.) (1) Total materials variance Materials price variance Materials quantity variance Unfavorable (2) Total labor variance Unfavorable Labor price variance Labor quantity variance Unfavorable Favorable Your answer is correct. Compute the total overhead variance. Total overhead variance List of Accounts Attempts: 2 of 4 us BONITA CORPORATION $ uestion 1 of 4 23.33/35