Casts and Predict Actual Standard $1.90 Raw materials cost Raw material units 11.300 10000 Director parol $168.720 $166.770 15.300 Direct labor hours 14.800 Manufacturing overhead incurred $232 A Manufacturing overhead applied Machine hours expected to be used at normal capacity $235.000 41.500 $64.400 $3.20 Budgeted fed overhead for June Variable overhead rate per machine hour Fwd overhead rate per machine hour $1.60 Overhead is applied on the basis of standard machine hours. 3.20 hours of machine time are required for each direct labor hour. The jobs were sold for $492.000. Selling and administrative expenses were $39,400 Assume that the amount of raw materials purchased equaled the amount used Your answer is correct Compute all of the variances for direct materials and t21 direct laber, Round per unit values to 2 decimal places 52.75 and lower to de a l (1) Unfavorable Total materiais variance Material price variance Material quantity wariance Totaltabor variance Labor price wariance CONCORD CORPORATION Income Statement