E. Your answer is partialty correct. Concord Clothlers is a small company that manuf ctures tall-men's suits. The company has used a standard cost accounting system. In May 2022. 10,100 suits were produced. The follobhy 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. Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted foed overhead costs were $56,000, and budgeted variable overhead was $39,200. (a) Compute the total, price, and quantity variances for (1) materiak and (2) labor, (Round per unit volues to 2 decimal ploces, eg. 52.75 and final answers to 0 decimal ploces, eg. 52.1 (b) Compute the total overhead variance