Question 2 Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2020. Costs and Production Data Actual Standard Raw materials unit cost $2.30 $2.10 Raw materials units 11,200 10,300 Direct labor payroll $174,000 $168,720 Direct labor hours 15,000 15,200 Manufacturing overhead incurred $202,100 Manufacturing overhead applied $205,200 Machine hours expected to be used at normal capacity 41,500 Budgeted fixed overhead for June $62,250 Variable overhead rate per machine hour $3.00 Fixed overhead rate per machine hour $1.50 Question Ayala Corporation accumulates the following data relative to be started and finished during the month of June 2020, Costs and Production Data Actual Standard Raw materiais unit cost $2.30 $2.10 Raw material units 11,200 10,300 Direct labor payroll $174.000 $168.720 Direct labor hours 15.000 15,200 Manufacturing overhead incurred 5202.100 Manufacturing overhead applied $205,700 Machine hour expected to be used at normal capacity 41,500 Budgeted red overhead for June Variatie overhead rate per machine hour $3.00 Fixed overhead rate per machine hour 11.50 Overhead is applied on the base of Mandard machine hours, 3.00 hours of machine time are recured for each direct bor hout the word for $499,000 Sering and sisters were 1,700. Ante amount of new material purchased equaled the amounted (a) Compute all of the variances for (1) direct materials and (2) direct labor. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to o decimal places, e.g. 52.) . (1) Total materials variance $ . Materials price variance $ Materials quantity variance $ (2) Total labor variance $ . Labor price variance $ . Labor quantity variance $