x Corporation accumulates the following data relative to jobs started and finished during the month of June 2017. Costs and Production Data Actual Standard Raw materials unit cost $2.20 $2.10 Raw materials units used 11,400 10,700 Direct labor payroll $175,500 $167,200 Direct labor hours worked 15,000 15,200 Manufacturing overhead incurred $202,600 Manufacturing overhead applied $205,200 Machine hours expected to be used at normal capacity 43,500 Budgeted fixed overhead for June $65,250 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. 3.00 hours of machine time are required for each direct labor hour. The jobs were sold for $492,000. Selling and administrative expenses were $39,500. Assume that the amount of raw materials purchased equaled the amount used.

Compute all of the variances for (1) direct materials and (2) direct labor.

Total materials variance $

Materials price variance $

Materials quantity variance $ (2)

Total labor variance $

Labor price variance $

Labor quantity variance $ ?

Total overhead variance $ ?

then :

Income statement (complete)

Income Statement