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Problem 11-2A Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017. Costs and Production Data Standa

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Problem 11-2A Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017. Costs and Production Data Standa Raw materials unit cost $2.10 $1.95 Raw materials units used 11,300 10,900 Direct labor payroll $177,310 $171,760 Direct labor hours worked 14,900 15,200 Manufacturing overhead incurred $201,700 Manufacturing overhead applied $205,200 Machine hours expected to be used at normal 41,500 capacity Budgeted fixed overhead for June $62,250 Variable overhead rate per machine hour $3.00 Fixed overhead rate per machine hour $1.50 Overhead is applied on the basis of standard machine hours. 3.00 hours of machine time are required for each direct labor hour. The jobs were sold for $452,000. Selling and administrative expenses were $37,800. Assume that the amount of raw materials purchased equaled the amount used. Compute all of the variances for (1) direct materials and (2) direct labor. (Round answers to o decimal places, e.g. 125.) (1) Total materials variance Materials price variance sC

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