RCES 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 tudy Used. Cost Element Standard (per unit) Actual Direct 9 yards at $4.00 per yard $352,275 for 91,500 yards ($3.85 per yard) materials Direct labor 1.10 hours at $14.00 per hour Overhead$2.80) $171,245 for 11,810 hours($14.50 per hour) 1.10 hours at $6.80 per hour (fixed $4.00; variable$49,800 fixed overhead $37,500 variable overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $56,000, and budgeted variable overhead was $39,200