Rudd Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2020, 10,600 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 13.000 direct labor hours. All materials purchased were used. Standard (per unit) Actual Cost Element Direct materials Direct labor 6 yards at $4.00 per yard $243,960 for 64,200 yards ($3.80 per yard) 1.10 hours at $14.00 per hour 1.10 hours at $6.20 per hour (fixed $3.50; variable $2.70) $182,120 for 12,560 hours ($14.50 per hour) $49,100 fixed overhead $37,500 variable overhead Overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $45,500, and budgeted variable overhead was $35,100. (a) 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, eg. 52.) (1) Total materials variance $ $ 10440 Favorable Materials price variance $ 12840 Favorable Materials quantity variance $ 2400 Unfavorable (2) Total labor variance 18080 Unfavorable Labor price variance $ 2512 Unfavorable Labor quantity variance $ 24360 Unfavorable