Jace Clothiers manufactures specialty clothing for tall women. The applies to the month of May 2016 when 11,250 women business suits were produced. Th or llowing standard and actual cost data fo wpelied to th mt of May when normal capacity was 14,000 direct labor hours. Al materials purchased were used. Standard (per unity$375,575 for 90,500 yds Cost Element Direct materials 8 yards4.40 per yard Actual (S4.15 per yard) Direct labor 1.2 hours @ 13.40 per hour $200,925 for 14,250 hours ($14.10 per hour) $49,000 fixed overhead 37,000 variable overhead Overhead 1.2 hours at 6.10 per hour (fixed $3.50; variable $2.60) Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $49,000, and budgeted variable overhead was $36,400. Instructions (a) Compute the material price, and quantity variances. (b) Compute the labor rate, and efficiency variances. (c) Compute the total overhead variance