Rudd Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2020, 10,000 sults were produced. The following standard and actual cost data applied to the month of May when normal capacity was 14,500 direct labor hours. All materials purchased were used Cost Element Standard (per unit) Actual Direct materials 10 yards at $4.50 per yard $443,080 for 100,700 yards ($4.40 per yard) Direct labor 1.10 hours at $14,00 per hour 1.10 hours at $6.40 per hour (fixed $3,60; variable $2.80) $169,650 for 11.700 hours ($14.50 per hour) $48,700 fixed overhead $36,500 variable overhead Overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $52,200, and budgeted variable overhead was $40.600. (a) Compute the total price and quantity variances for (1) materials and (2) labor. (Round per unit values to 2 decimal places, 68, 52.75 and final answers to decimal places, eg. 52) (1) Total materials variance $ Neither favorable nor unfavorable Favorable Unfavorable Materials price variance $ Inici (a) Compute the total, price, and quantity variances for (1) materials and (2) labor. (Round per unit values to 2 decimal places, e3, 52.75 and final answers to decimal places, 28. 52) (1) Total materials variance Materials price variance $ 2 (2) Totallabor variance $ Labor price variance $ Labor quantity variance S [b) Compute the total overhead Variance Total overhead variance $