Rudd Clothiers is a small company that manufactures tall-mens suits. The company has used a standard cost accounting system. In May 2020, 10,300 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 16,000 direct labor hours. All materials purchased were used.

Cost Element		Standard (per unit)		Actual
Direct materials		8 yards at $4.80 per yard		$387,345 for 83,300 yards ($4.65 per yard)
Direct labor		1.20 hours at $14.00 per hour		$186,758 for 13,060 hours ($14.30 per hour)
Overhead		1.20 hours at $6.30 per hour (fixed $3.50; variable $2.80)		$48,100 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 $44,800. (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		$		Neither favorable nor unfavorableUnfavorableFavorable
		Materials price variance		$		Favorable Unfavorable Neither favorable nor unfavorable
		Materials quantity variance		$		Neither favorable nor unfavorableUnfavorableFavorable
(2)		Total labor variance		$		Favorable Neither favorable nor unfavorableUnfavorable
		Labor price variance		$		Unfavorable Favorable Neither favorable nor unfavorable
		Labor quantity variance		$		Neither favorable nor unfavorableUnfavorableFavorable

(b) Compute the total overhead variance.

Total overhead variance