Rudd Clothiers is asmal compuey that imanufactures tal mexis suits. The compary has used a standard cost acrceuting matemb. in May2020, 10,100 suits were produced, The following standard and acthat cost data applied to the manth of May whernormal capacity was 14000 direct labor hours. Ali materixs purchased were used. Overhesd is applied on thin bmis of dicect labor bours At morinal cagacity budbeted find cvertiad cont we we sag oo0 and bedmeted variable overheat was $39,200. (a) Compute the total, price, and quantity varianices for (1) materials and (2) bbor. (Hound per unit values to 2 decimal phaces, es 52.75 and final ancwers to 0 decimal ploces, es 521 (b) Compute the total overhead rariance Fotal ovecty ad variance Rudd Clothiers is a small compary that manufactures tall-men's seits. The comperiy has iued a standard cost focounting 5y stem. In Mry 2020. 10.100 suits vere prodaced. The toliowing standard and actual cost cata applied to the month of May when normal capacity was 14,000 direct boor hours. Alt materials purchased were ised. variable overthead was $39,200. Compute the total. price tnd quantity variances for (1) materials and (2) labori (Roved per unit valies to 2 decimar ploces ess 52.75 and final anwer to dosimal ploces es 52 . (1) Whotal materials viriance Materias pricevar ance Materias gitantity variance 5 (2) Totallaborvariance Laboraricevariance Labor quanticy watiance 5 (b) Compute the total overhead variance