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Ayala Corporation accumulates 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. 3,20 hours of machine time are required for each direct labor hour. The jobswere sold for $492,000. Selling and administrative expenseswere $39,400. Assume that the amount of raw materials purchased equaled the amount used. Overhead is applied on the basis of standard machine hours. 3.20 hours of machine time are required for each direct labor hour. The fobs were sold for $492,000. Selling and administrative expenses were $39,400. Assume that the amount of raw materials purchased pqualed the amount used. Compute the total overhead variance. Total overhead variance eTextbook and Media Prepare an income statement for management, (ignore income taxes.) (Round per unit values to 2 decimal ploces, eg. 52.75 and final gnawere to 0 decimal places, es. 52.)