help with A,B,C & additional thank you!

M N A D P10 ~ ~ I F H 1 P26 2A Compute vanances and ecopare income statement 2 Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2020 1 4 Cod and Production Data Actual Standard 5 Raw materials unit cost $225 $2.10 6 Raw materials units 10,000 10,000 Direct labor payroll $120,960 $120,000 Direct labor hours 14.400 15,000 Manufacturing overhead incurred $189,500 10 Manufacturing overhead applied $ 193,500 11 Machine hours expected to be used at normal capacity 42,500 12. Budgeted fixed overhead for June $55,250 11 Variable overhead rate per machine hour $3.00 1 Fixed overhead.cate per machine hour $130 15 16 Overhead is applied on the basis of standard machine hours. Three hours of machine time are 17 required for each direct labor hour. The jobs were sold for $400,000 Selling and administrative 18 expenses were $40,000. Assume that the amount of raw materials purchased equaled the amount 19 used 20 21 Instructions 72 (a) Computeal of the variances for (1) direct materials and (2) direct labor A D N P10 XVN 1 E F G H M 21 Instructions 22 (a) Compute all of the variances for (1) direct materials and (2) direct labor 22 (b) Compute the total overhead variance 24 (c) Prepare an income statement for management (snore income taxes) 25 NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" 26 27 28 29 (aX1) Total Materials Variance: 30 AQ X AP 2 minus SQ SP) 31 Value Value ) minus Value Value ) 32 3 minus 2 - Value 33 34 35 Materials price variance: 36 AQ AP > minus SP 3 27 Value X Value > minus Value Value 38 ? minus 2 Value 29 40 Materials quantity variance: AC X SP minus SO SP 41 P10 Xfi A F G H M N O 1 2 3 2 Materials quantity variance Value ? minus SP Value ? minus mis Value SO Value X SP Value AH AR Value 2 ) ) minus minus Value SH Value X SR Value > (X2) Total Labor Variance X 9 Value X 0 2 minus 1 2 1 Labor Price variance: AH X 5 Value X ? minus AR Value ? 2 ) minus minus Value Value X X SR Value ( 3 Labor quantity variance AH Value X 2 minus SR Value 2 ) minus minus Value SH Value X SR Value P10 E M A H M 54 65 (b) Total Overhead Variance Actual Overhead minus Overhead Apped Value minus Value Value DY 00 09 10 71 22 (c) 74 75 76 77 Value 2 ? = 79 30 81 2 33 AYALA CORPORATION Income Statement For the Month Ended June 30, 2020 Sales revenue Cost of goods sold (at standard) Gross profit (at standard) Variances Material price Value Materials quantity Value Labor price Value Value Labor quantity Overhead Value Total variance favorable 2 65 Una Alignment Nuno PID 11 A D M N 09 90 91 1 92. After you have completed the requirements of P26 2A, consider this additional questions Assume that the actual price for raw materials changed to $230 and actual quantity of raw materials used changed to 11,000 units. Recompute total materials variance and price and quantity variances for materials Show the impact of the changes above on the income statement 07 90 99 100 101 102 101 104 105 105 107 138 109 110 +