HeIR CALCULATOR PRINTER VERSION BACK Problem 23-2A (Part Level Submission) Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017. Actual Standard $2.20 11,000 10,100 177,600 $173,280 Costs and Production Data $2.40 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 14,800 $235,636 15,200 $238,336 41,500 $70,550 $3.20 $1.70 is applied on the basis of standard machine hours. 3.20 hours of machine time are required for each direct labor hour. The jobs were sold for $467,000. Selling and administrative expenses were $36,500. Assume that the amount of raw materials purchased equaled the amount used. (a) Your answer is correct. variances for (31) direct materials and (2) direct labor. (Round answers to 0 decimal places, e.g. 125.) Unfavorable (1) Total materials variance Kimmel, Accounting, 6e Help I System Announcements (1 Unread) 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 4180 Unfavorable 2200 Unfavorable 1980 Unfavorable 4320 Unfavorable 8880 T Unfavorable 456011 Favorable Materials price variance Materials quantity variance (2) Total labor variance Labor price variance Labor quantity variance Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER Compute the total overhead variance. Total overhead variances Click if you would like to Show Work for this question: Qpen Show Work LINK TO TEXT LINK TO TEXT LINK TO TEXT