NETE Question 1 Rudd Cluer sa mal company that manufactures tail-messut. The company has uned a standard cost accounting wstem. In May 2020, 10,000 sults were produced. The following standard and cont dispod to the more May when normal capacity was 16,000 direct labor hours. Al maris purchased were used Cost Element Standard (per unit) Actual Direct materials 16 yards at 54.90 per yerd 5501,020 for 106.800 yards (2.70 per yd) Direct labor 1.20 hours at $13.00 per hour $182.508 for 13,620 hours ($13.40 per Overhead 1.20 hon M 6.40 per houred $3.60; variabile $2.00) $49.200 fixed overhead $36.500 variable owerhead Overhead sed on the basis of direct labor hours. As normal capacity, budgeted and everhead coats were $7.00, and budgeted ble overhead was 44.100 Compute the total pries, and monety variances for