OMM 294 Assignment #4 Question 6 of 6 Cost Element Direct materials < Standard (per unit) 9 yards at $4.50 per yard -17 E Actual $398,025 for 91,500 yards ($4.35 per yard) $72.944 for 12.010 hours ($14.40 per hour) Direct labor Overhead 1.10 hours at $14.00 per hour 1.10 hours at $6.20 per hour (fixed $3.70; variable $2.50) $49,900 fixed overhead $37.500 variable overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $46,250, and budgeted variable overhead was $31,250. (a) Compute the total, price, and quantity variances for (1) materials and (2) labor. (Round per unit values to 2 decimal places, eg. 52.75 and final answers to O decimal places, eg. 52.) (1) Total materials variance Q Search a ENG IN 00