Problem 24-03A a-b (Video) Blossom Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2020, 10,200 sults were pro applied to the month of May when normal capacity was 16,500 direct labor hours. All materials purchased were used, Cost Element Actual Direct materials Direct labor Overhead Standard (per unit) 10 yards at $1.30 per yard 1.20 hours at $14.00 per hour 1.20 hours at $6.00 per hour (fixed $3.50; variable $2.50) $426,620 for 102,800 yards (14.15 per yard) $183,612 for 12,810 hours ($14.30 per hour) $18,800 fixed overhead $36,500 variable overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $57,750, and budgeted variable overhead was $41,250. Compute the total, price, and quantity variances for (1) materials and (2) labor. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to o de (1) Total materials variance s Materials price variance Materials quantity variances (2) Total labor variance s Labor price variance Labor quantity variance Compute the total overhead variance. Total overhead variance Click if you would like to Show Work for this question: Open Show Work