QUESLIONT View Policies Current Attempt in Progress Rudd Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2020, 10,100 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 15,150 direct labor hours. All materials purchased were used. Cost Element Standard (per unit) Actual Direct materials 10 yards at $4.90 per yard $488,640 for 101,800 yards ($4.80 per yard) Direct labor 1.60 hours at $13.70 per hour $240,546 for 17,060 hours ($14.10 per hour) Overhead 1.60 hours at $6,30 per hour (fixed $3.80; variable $2.50) $49,100 fixed overhead $36,500 variable overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $57,570, and budgeted variable overhead was $37,875. Compute the overhead controllable variance and the overhead volume variance. Overhead controllable variances Overhead volume variance e Textbook and Media Attempts: 0 of 3 used Submit