Rudd Clothiers is a small company that manufactures tall-mens 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 12,500 direct labor hours. All materials purchased were used.

Cost Element		Standard (per unit)		Actual
Direct materials		9 yards at $4.50 per yard		$398,025 for 91,500 yards ($4.35 per yard)
Direct labor		1.10 hours at $14.00 per hour		$172,944 for 12,010 hours ($14.40 per hour)
Overhead		1.10 hours at $6.20 per hour (fixed $3.70; variable $2.50)		$49,900 fixed overhead $37,500 variable overhead

Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $46,250, and budgeted variable overhead was $31,250.

(a) 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 0 decimal places, e.g. 52.)

(1)		Total materials variance		$		UnfavorableFavorableNeither favorable nor unfavorable
		Materials price variance		$		UnfavorableFavorableNeither favorable nor unfavorable
		Materials quantity variance		$		Neither favorable nor unfavorableFavorableUnfavorable
(2)		Total labor variance		$		FavorableNeither favorable nor unfavorableUnfavorable
		Labor price variance		$		FavorableUnfavorableNeither favorable nor unfavorable
		Labor quantity variance		$		FavorableUnfavorableNeither favorable nor unfavorable

(b) Compute the total overhead variance.

Total overhead variance

$

FavorableNeither favorable nor unfavorableUnfavorable