Problem 11-2a (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 standard raw materials unit cost $2.30 $2.20 raw materials units used 11,500 11,000 direct labor payroll $167,240 $162,640 direct labor hours worked 14,800 15,200 manufacturing overhead incurred $230,572 manufacturing overhead applied $233,472 machine hours expected to be used at normal capacity 43,500 budgeted fixed overhead for june $69,600 variable overhead rate per machine hour $3.20 fixed overhead rate per machine hour $1.60 overhead is applied on the basis of standard machine hours. 3.20 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. collapse question part (a) 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 $ by accessing this question assistance, you will learn while you earn points based on the point potential policy set by your instructor.