Sheffield Corporation accumulates the following data relative to jobs started and finished during the month of June 2022.

Costs and Production Data		Actual		Standard
Raw materials unit cost		$2.40		$2
Raw materials units		11,500		10,600
Direct labor payroll		$177,600		$171,760
Direct labor hours		14,800		15,200
Manufacturing overhead incurred		$202,000
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

Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor hour. The jobs were sold for $495,000. Selling and administrative expenses were $39,300. Assume that the amount of raw materials purchased equaled the amount used.

A) compute all of the variances for (1) direct materials and (2) direct labor

1- total materials variance

materials price variance

material quantity variance

2- total materials variance

materials price variance

material quantity variance

B) compute the total overhead variance $-----

C) prepare an income statement for management (ignore income taxes)