Rudd Clothiers is a small company that manufactures tallmen's suits. The company has used a standard cost accounting system. In May 2020, 10,700 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 $4.80 per yard 5456,840 for 97,200 yards ($4.70 per yard) Direct labor 1.20 hours at $13.00 per hour $162,776 for 13,640 hours (513.40 per hour) Overhead 1.20 hours at $6.50 per hour (fixed $3.70: variable $2.80) $18,400 forced overhead $36,500 variable overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted foxed overhead costs were $46,250, and budgeted variable overhead was $35.000 Compute the total price, and quantity variances for (1) materials and (2) labor. (Round per unit values to 2 decimal places. c.9. 52.75 and final answers to decimal penep (1) Total materials variance > $ Materials price variance $ ady Materials quantity variance (2) Total labor variance 5 Labor price variance 1 Labor quantity variance b)