Problem 11-2A (Part Level Submission) Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017. Standard $2.25 10,500 $178,500 $173,280 15,200 Costs and Production Data Actual $2.40 11,300 Raw materials unit cost Raw materials units used Direct labor payroll Direct labor hours worked Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for June Variable overhead rate per machine hour Fixed overhead rate per machine hour 15,000 $235,736 $238,336 42,500 $72,250 $3.20 $1.70 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 $450,000. Selling and administrative expenses were $44,300. Assume that the amount of raw materials purchased equaled the amount used Your answer is correct Compute all of the variances for (1) direct materials and (2) direct labor. (Round answers to 0 decimal places, e.g. 125.) (1) Total materials variance 3,495 Unfavorable Materials price variance 1,695Unfavorable Materials quantity variance 1,800Unfavorable (2) Total labor variance 5,220 Unfavorable Labor price variance 7,500 Unfavorable Labor quantity variance 2,280 Favorable