Problem 25-2a ayala corporation accumulates the following data relative to jobs started and finished during the month of june 2017. costs and production data actual standard raw materials unit cost $2.20 $2.10 raw materials units used 11,400 10,700 direct labor payroll $175,500 $167,200 direct labor hours worked 15,000 15,200 manufacturing overhead incurred $202,600 manufacturing overhead applied $205,200 machine hours expected to be used at normal capacity 43,500 budgeted fixed overhead for june $65,250 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 $492,000. selling and administrative expenses were $39,500. 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 answers to 0 decimal places, e. g. 125.) (1) total materials variance $ materials price variance $ materials quantity variance $ (2) total labor variance $ labor price variance $ labor quantity variance $ link to text link to text link to text compute the total overhead variance. total overhead variance $ link to text link to text link to text prepare an income statement for management. (ignore income taxes.) (round answers to 0 decimal places, e. g. 125.) ayala corporation income statement $ $ $