Rapache Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost system. In May 2010, 11,200 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. (last Element Standard \"Er unit] Actual Direct 3 yards at $4.30 per yard $3?1,050 for 90,500 yards materials ($4.10 per yard] Direct labor 1.2 hours at $13.50 per $201,630 for 14,300 hours hour ($14.10 per hour) Overhead 1.2 hours at $6.00 per hour $49,000 fixed overhead (fixed $3.50; variable $372000 variable overhead $2.50) Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $49,000, and budgeted variable overhead was $35,000. Which of the materials and labor variances should be investigated if management considers a variance of more than 4% from standard to be signicant? Refer to your answers for P22-3A (a,b)