Problem 11-2A (Part Level Submission) (Video) Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2020 Costs and Production Data Raw materials unit cost Raw materials units Direct labor payroll Direct labor hours Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted foced overhead for June Variable overhead rate per machine hour Fixed overhead rate per machine hour $2.40 11,000 2.30 10,600 $165,760$162,640 14,80015,200 $230,372 $233,472 43,500 $69,600 $3.20 $1.60 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 $471,000. Selling and administrative expenses were $45,000. Assume that the amount of raw materias purchased equaled the amount used Compute all of the variances for (1) direct materials and (2) direct labor. (Round per unit valuves to 2 decimal places, e.a. 52.75 and final answers to o decimal places, e.g. 52.) (1) Total matecials varlance Materiais price varlance Materials quantity variance (2) Total labor variance Labor price variance Labor quantity varlance Click if you would like to Show Work for this question: Oeen Show Wk By accessing this Question Assistance, you will learn while you sarn points based on the Point Potential Policy set by your instructor Attempts: 0 of 15 used SAVE FOR LATER Do N DOLL