compute all variance for direct materials and direct labor

compute total overhead variance

prepare income statement

Problem 11-2A(Part Lave submission) Video) Ayala Corporation accumulates the 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 52.25 Raw materials units 11,100 10,400 Direct labor payroll $177,000 5171,360 Direct labor hours 15,000 15,300 Manufacturing overhead incurred $204,550 Manufacturing overhead applied $206,550 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. 3.00 hours of machine time are required for each direct labor hour. The jobs were sold for 5498,000. Selling and administrative expenses were $37.900. Assume that the amount of raw materials purchased equaled the amount used