Kohler Clouthiers manufactures women's business suits. The company uses a standard cost accounting system. In March 2020, 15,700 suits were made. The following standard and actual cost data applied to the month of March when normal capacity was 20,000 direct labour hours. All materials purchased were used in production: Cost Element Direct Materials Direct Labour Standard (per unit) Actual 5 m at $6.75 per metre $547,200 for 76,000 m ($7.20 per metre) 1 hour at $11.45 per hour $165,760 for 14,800 hours ($11.20 per hour) 1 hour at $9.40 per hour $120,000 fixed overhead (fixed $6.25; variable $49,0000 variable $3.15) overhead Overhead Overhead is applied based on direct labour hours. At normal capacity, budgeted fixed overhead costs were $125,000, and budgeted variable overhead costs were $63,000. Instructions Calculate the total, price, and quantity variances for materials and labour