Question 12 View Policies Current Attempt in Progress Rudd Clothiers is a small company that manufactures tallmen's suits. The company has used a standard cost accounting system in May 2020, 10,600 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 16.000 direct labor hours. All materials purchased were used Cost Element Direct materials Direct labor Overhead Standard (per unit) Actual 10 yards at $4.90 per yard $501.020 for 106,600 yards ($4.70 per yard) 1.20 hours at $13.00 per hour $182 SOR for 13620 hours (13.40 per hour) 1.20 hours at $6.40 per hour (foed 3.60: variable $280) $49.200 fuced overhead $36.500 variable overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted foxed overhead costs were $57.600, and budgeted variable overhead was $44100 Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted foed overhead costs were $57.600, and budgeted variable overhead was $44,800. Compute the total price and quantity variances for (1) materials and (2) labor. (Round per unit values to 2 decimal places, eg. 52.75 and final answers to decimal places, s. 52) (1) Total materials variance Materials price variance Materials quantity variances (2) Total labor variance Labor price variance Labor quantity variance Compute the total overhead variance Total overhead variance $