Problem 23-3A Rudd aothiers is a small company that manufactures tall men's suits The company has used a standard cost accounting system in Hay 2017. 300 s s were produced The following standard and actual cost data applied to the month of May when normal capacity was 16,000 direct labor hours. All materials purchased were used. Standard (per unit) Actual Cost Element Direct materials Direct labor Overhead 8 yards at $4.80 per yard 1.20 hours at $14.00 per hour 1.20 hours at $6.30 per hour (fixed $3.50; variable $2.80) $48,100 fixed overhead $37,500 varlable overhead $387,345 for 83,300 yards ($4.65 per yard) $186,758 for 13,060 hours ($14.30 per hour) Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $56,000, and budgeted variable overhead was $44,800. Compute the total, price, and quantity variances for (2) materials and (2) labor. (Round answers to 0 decimal places, e.g. 125.) (1) Total materials variance Materials price variance Materials quartiy variance (2) Total labor variance Labor price variance Labor quantity variance Compute the total overhead variance. Total overhead varlance Click if you would like to Show Work for this question: een Show Work Question Attempts: Unlimited snVE ,ORLATIRE