Question 701 View Policies Show Attempt History Current Attempt in Progress 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 $2.40 $2.20 Raw materials units 11,000 10.100 Direct labor payroll $164,280 $159,600 Direct labor hours 14,800 15,200 Manufacturing overhead incurred $235,636 Manufacturing overhead applied $238,336 $ 41,500 Machine hours expected to be used at normal capacity Budgeted fixed overhead for June $70.550 Variable overhead rate per machine hour $3.20 Fixed overhead rate per machine hour $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 $467,000. Selling and administrative expenses were $36,500. Assume that the amount of raw materials purchased equaled the amount used. (a) ! - Your answer is partially correct. 1 Compute all of the variances for (1) direct materials and (2) direct labor. (Round per unit values to 2 decimal places, eg. 52.75 and final answers to O decimal places, eg. 52.) (1) Total materials variance $ 4180 i Unfavorable Materials price variance $ 2200 i Unfavorable Materials quantity variance $ 1980 i Unfavorable (2) Total labor variance $ Unfavorable Labor price variance $ Unfavorable V Labor quantity variance $ Favorable e Textbook and Media Assistance Used Save for Later Attempts: 2 of 3 used Submit Answer ILI