15. 0 0 per yard) L a bud ovador 47.250, and budgeted warble whead was JALALEO Problem 24-03A - (Video) Your answer is partially correct. Try again. Cheyenne Clothiers is a small company that manufactures tallmen's suits. The company has used a standard cost accounting system. In May 2020, 11,000 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 13,500 direct labor hours. All materials purchased were used Cost Element Direct materials Direct labor Overhead Standard (per unit) 7 yards at 54.70 per yard 1.20 hours at $13.00 per hour 1.20 hours at 56.40 per hour 50: variable 290) 3.353,000 for 77.600 yards (54 55 per yard) $109,000 for 14.000 hours (513 50 per hour 48.000 we overhead $37,500 variable overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were 347,250, and budgeted variable overhead was $39,150. Compute the total price and quantity variances for (1) materials and (2) labor (Hound per wit values to decimal places, 52.75 and final answers to decimal places.. 52.) (1) Total materiais variance Material price variance 11640 11540 Favorite Materials quantity variance 2820 unfavorable (2) Total labor variance i Labor price variance 780 Tuntevorable 7000 Untevoration 200 urtavorable Labor quantity variance