Vaughn Corporation accumulates the following data relative to jobs started and finished during the month of June 2022. 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 $487,000. Selling and administrative expenses were $39,300. 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 per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 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 $ Your answer is correct. Compute the total overhead variance. Total overhead variance $ Sales Revenue Cost of Goods Sold Gross Profit (at Standard) Variances Materials Price Variance 1140 $ Unfavorable Materials Quantity Variance \begin{tabular}{|l|l|} \hline i Unfavorable \\ \hline \end{tabular} Labor Price Variance \begin{tabular}{|l|l|} \hline i Unfavorable \\ \hline \end{tabular} Labor Quantity Variance \begin{tabular}{|l|l|l|} \hline 3270 i Favorable \end{tabular} Overhead Variance \begin{tabular}{|l|l|} \hline-2600 & i \\ \hline \end{tabular} Favorable Total Variance Unfavorable Gross Profit (Actual) Selling and Administrative Expenses Net Income / (Loss) 0+69 ^ qesonefun 009Z- $0Z I0SL 00058 \begin{tabular}{|l|l|} \hline ! 0020t \\ \hline \end{tabular} 0008+