Compute the total overhead variance.

Problem 25-2A (Part Level Submission) Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017. Costs and Production Data Actual $2.20 11,400 $175,500 15,000 $202,600 Standard $2.10 10,700 $167,200 15,200 Raw materials unit cost Raw materials units used Direct labor payroll Direct labor hours worked Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for June Variable overhead rate per machine hour Fixed overhead rate per machine hour $205,200 43,500 $65,250 $3.00 $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. (a) Your answer is correct. Compute all of the variances for (1) direct materials and (2) direct labor. (Round answers to O decimal places, e.g. 125.) (1) Total materials variance 2610 7 Unfavorable 1140Unfavorable Materials price variance I Materials quantity variance Unfavorable (2) Total labor variance Labor price variance 5 83007 Unfavorable 10,5007 unfavorable 2,200) Favorable Labor quantity variance L Favorable Click if you would like to Show Work for this question: Open Show Work (b) Compute the total overhead variance. Total overhead variances Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT LINK TO TEXT Attempts: 0 of 3 used SAVE FOR LATER