Problem 23-3A Rudd Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2017, 11,000 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 13,500 direct labor hours. All materials purchased were used Cost Element Direct materials Direct labor Overhead Standard (per unit) Actual 7 yards at $4.70 per yard 1.20 hours at $13.00 per hour 1.20 hours at $6.40 per hour (fixed $3.50; variable $2.90) $353,080 for 77,600 yards ($4.55 per yard) $189,000 for 14,000 hours ($13.50 per hour) $48,000 fixed overhead $37,500 variable overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $47,250, and budgeted variable overhead was $39,150 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 Materials price variance Materials quantity variance (2) Total labor variance Labor price variance Labor quantity variance Compute the total overhead variance Total overhead variance Show Work is REQUIRED for this question: Modify Show Work LINK TO TEXT LINK TO TEXT LINK TO TEXT