(b) Compute the total overhead variance. Total overhead variance V Favorable Unfavorable Neither favorable nor unfavorable eTextbook and MediaConcord Corporation accumulates the following data relative to jobs started and nished during the month of June 2025. Costs and Production Data Actual Standard Raw materials unit cost $2.40 $2.20 Raw materials units 11,000 10,300 Direct labor payroll $162,800 $159,600 Direct labor hours 14,800 15,200 Manufacturing overhead incurred $205,760 Manufacturing overhead applied $209,760 Machine hours expected to be used at normal capacity 41,500 Budgeted xed overhead for June $66,400 Variable overhead rate per machine hour $3 Fixed overhead rate per machine hour $1.60 Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor hour. The 30m were sold for $478,000. Selling and administrative expenses were $37,900. 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. (Round per unit values to 2 decimal places, e.g. 52.75 and nal answers to 0 decimal places, (2.3. 52.) (1) Total materials variance $ 34740 Unfavorable 3 Materials price variance $ 24200 Unfavorable 3 Materials quantity variance $ 14540 Unfavorable 3 (2) Total labor variance $ 34200 Unfavorable 3 Labor price variance $ 74400 Unfavorable 3 Labor quantity variance $ 44200 Favorable 3