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 $2.40 $2.25 Raw materials units used 11,200 10,500 Direct labor payroll $171,350 $164,160 Direct labor hours worked 14,900 15,200 Manufacturing overhead incurred $214,552 Manufacturing overhead applied $216,752 Machine hours expected to be used at normal capacity 43,500 Budgeted fixed overhead for June $65,250 Variable overhead rate per machine hour $3.10 Fixed overhead rate per machine hour $1.50 Overhead is applied on the basis of standard machine hours. 3.10 hours of machine time are required for each direct labor hour. The jobs were sold for $456,000. Selling and administrative expenses were $42,400. 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 $ 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