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P11-2A Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017. Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor hour. The jobs were sold for $400,000. Selling and administrative expenses were $40,000. Assume that the amount of raw materials purchased equaled the amount used. Instructions a. Compute all of the variances for (1) direct materials and (2) direct labor. b. Compute the total overhead variance. ===================================================================================== ACC 560 Week 7 Quiz 5 (Chapter 9 and Chapter 10) FOR MORE CLASSES VISIT www.acc560mart.com ACC 560 Week 7 Quiz 5 (Chapter 9 and Chapter 10) Question 1 The production budget shows expected unit sales are 100,000. The required production units are 104,000. What are the beginning and desired ending finished goods units, respectively? Question 2