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pinkfluffyunicorns
pinkfluffyunicorns
26.11.2019 • 
Business

Problem 23-2a (part level submission)ayala corporation accumulates the following data relative to jobs started and finished during the month of june 2017.costs and production data actual standardraw materials unit cost $2.10 $1.90raw materials units used 11,100 10,700direct labor payroll $163,900 $160,650direct labor hours worked 14,900 15,300manufacturing overhead incurred $208,340 0 manufacturing overhead applied 0 $211,140machine hours expected to be used at normal capacity 41,500budgeted fixed overhead for june 0 $66,400variable overhead rate per machine hour 0 $3.00fixed overhead rate per machine hour 0 $1.60overhead 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 $35,300. assume that the amount of raw materials purchased equaled the amount used.(a)compute all of the variances for (1) direct materials and (2) direct labor. (round answers to 0 decimal places, e.g. 125.) include favorable/ unfavorable/ neither(1) total materials variance $materials price variance $materials quantity variance $(2) total labor variance $labor price variance $labor quantity variance $

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