Problem 26-03A a-b (Video) Rudd 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 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 17,500 iet labor hours. All materials purchased were used Cost Element Direct materials Direct labor Overhead Actual Standard (per unit) 6 yards at $4.00 per yard 1.10 hours at $13.00 per hour 1.10 hours at $6.30 per hour (fixed $3.80; variable $2.50) $234,840 for 61,800 yards ($3.80 per yard) $158,536 for 11,920 hours ($13.30 per hour) 49,000 fixed overhead $36,500 vanable overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $66,500, and budgeted variable overhead was 43,750 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 decimal places, e.g. 52.) (1) Total materials variance Materials price variance Materials quantity variance s Total labor variance (2) Labor price variance Labor quantity variance dy Compute the total overhead variance. Total overhead variance Click if you would like to Show Work for this question: Open Show Work Question Attempts: Unlimited SAVE FOR LATER SUBMIT ANSWE