Problem 23-2A (Part Level Submission) Ayala Corporation accumulates the following data relative to jobs started and finished...

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Standard Material Price		$ 2.20
Standard Quantity		10400
Actual Quantity		11100
Actual Quantity used		11100
Actual Matrial Price		$ 2.30

Material Price Variance	AQ(AP-SP)
	(Actual Price	-	Standard Price)	*	Actual Quantity
	$ 2.30	-	$ 2.20	*	11100
	$ 1,110	Unfavorable

Material Quantity Variance	SP(AQ-SQ)
	(Actual Quantity	-	Standard Qty)	*	Standard Price
	11100	-	10400	*	$ 2.20
	$ 1,540.00	Unfavorable

Total Direct Material variance	Price variance+Qty/Eff Var	$ 2,650.00	Unfavorable


Standard Hour Rate		$ 11.20
Standard Hour		15300
Actual Hours		14800

Actual Hour Rate		$ 11.80

Labor Rate Variance	AH(AR-SR)
	(Actual Rate	-	Standard Rate)	*	Actual Hours
	$ 11.80	-	$ 11.20	*	14800
	$ 8,880	Unfavorable

Labor Efficiency Variance	SR(AH-SH)
	(Actual Quantity	-	Standard Qty)	*	Standard Price
	14800	-	15300	*	$ 11.20
	$ -5,600	Favorable

Total Direct Labor Varianve	Rate Variance+Eff Variance	$ 3,280	Unfavorable

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