Problem 11-3A Partially correct answer. Your answer is partially correct. Try again. Rudd Clothiers is a small company that manufactures tall-mens suits. The company has used a standard cost accounting system. In May 2017, 11,250 suits were produced. The following 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. Cost Element Standard (per unit) Actual Direct materials 8 yards at $4.40 per yard $375,575 for 90,500 yards ($4.15 per yard) Direct labor 1.2 hours at $13.40 per hour $200,925 for 14,250 hours ($14.10 per hour) Overhead 1.2 hours at $6.10 per hour (fixed $3.50; variable $2.60) $49,000 fixed overhead $37,000 variable overhead 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. (a) Compute the total, price, and quantity variances for (1) materials and (2) labor. (Round answers to 0 decimal places, e.g. 125.) (1) Total materials variance $Entry field with incorrect answer Entry field with incorrect answer now contains modified data Materials price variance $Entry field with incorrect answer Entry field with correct answer Materials quantity variance $Entry field with incorrect answer Entry field with incorrect answer now contains modified data (2) Total labor variance $Entry field with incorrect answer Entry field with incorrect answer now contains modified data Labor price variance $Entry field with incorrect answer Entry field with incorrect answer now contains modified data Labor quantity variance $Entry field with incorrect answer Entry field with incorrect answer now contains modified data (b) Compute the total overhead variance. Total overhead variance