Problem 25-3A Rudd Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2017, 10,100 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 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 $3.90; variable $2.50) $322,200 for 71,600 yards ($4.50 per yard) $173,166 for 13,020 hours ($13.30 per hour) $49,400 fixed overhead $37,500 variable overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $54,600, and budgeted variable overhead was $35,000 Compute the total, price, and quantity variances for (1) materials and(2) labor. (Round answers to O 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 variances Click if you would like to Show Work for this question: Open Show Work