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 produce The following standard and actual cost data applied to the month of May when normal capacity was 17,500 direct labor hours. All materials purchased were used. Actual Cost Element Direct materials Direct labor Overhead Standard (per unit) 7 yards at $4.50 per yard 1.10 hours at $13.00 per hour 1.10 hours at $6.70 per hour (fixed $4.00; variable $2.70) 325,815 for 74,900 yards ($4.35 per yard) $168,304 for 12,560 hours ($13.40 per hour) $48,200 fixed overhead $36,500 variable overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $70,000, and budgeted variable overhead was $47,25o. 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 o decimal places, e.g. 52.) (1) Total materials variance Materials price variances Materials quantity variance Total labor variance Labor price variance Laber quantity varlance (2)