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Please assist with the Income Statement - including favorable/unfavorable Vaughn Corporation accumulates the following data relative to jobs started and finished during the month of

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Please assist with the Income Statement - including favorable/unfavorable

Vaughn Corporation accumulates the following data relative to jobs started and finished during the month of June 2025. 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 $487,000. Selling and administrative expenses were $39,300. Assume that the amount of raw materials purchased equaled the amount used. (a) Compute all of the variances 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.) Compute the total overhead variance. Total overhead variance $ eTextbook and Media List of Accounts Attempts: 1 of 2 used (c) Prepare an income statement for management. (Ignore income taxes.) (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to Odecimal places, e.g. 52.)

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