Current Attempt in Progress Rudd Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2020, 10,000 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 14,000 direct labor hours. All materials purchased were used. Cost Element Direct materials Actual Standard (per unit) 10 yards at $4.40 per yard $428,825 for 100,900 yards ($4.25 per yard) Direct labor 1.20 hours at $13.00 per hour $168,840 for 12,600 hours ($13.40 per hour) Overhead 1.20 hours at $6.20 per hour (fixed $3.70; variable $2.50) $48,600 fixed overhead $37,500 variable overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $51,800, and budgeted variable overhead was $35,000.