part b- compute the total overhead variance

part c- prepare an income statement for managment (ignore income taxes)

***please answer all 3 parts***

Sheridan Corporation accumulates the following data relative to jobs started and finished during the month of June 2022 Actual Standard Costs and Production Data Raw materials unit cost Raw materials units Direct labor payroll $2.30 $2 11.500 11,000 $152,440 $147,440 Direct labor hours 14,800 15,200 $230,572 $233 472 43,500 Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for Junc Variable overhead rate per machine hour Fixed overhead rate per machine hour $69,600 $3.20 $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 jobs were sold for $458,000. Selling and administrative expenses were $41.200. Assume that the amount of raw materials purchased equaled the amount used, Question 7 of 7 - /8.3 II (a) Compute all of the variances for (1) direct materials and (2) direct labor. (Round per unit values to 2 decimal places, eg. 52.75 and final answers to O decimal places, eg. 52.) > (1) Total materials variance Materials price variance Materials quantity variance (2) () Total labor variance $ Labor price variance Labor quantity variance List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer Using multiple attempts will impact your score. 10% score reduction after attempt 2