Splish Clothiers is a small company that manufactures tall-mens 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 16,000 direct labor hours. All materials purchased were used.

Cost Element		Standard (per unit)		Actual
Direct materials		10 yards at $4.90 per yard		$501,020 for 106,600 yards ($4.70 per yard)
Direct labor		1.20 hours at $13.00 per hour		$182,508 for 13,620 hours ($13.40 per hour)
Overhead		1.20 hours at $6.40 per hour (fixed $3.60; variable $2.80)		$49,200 fixed overhead $36,500 variable overhead

Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $57,600, 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		$		FavorableNeither favorable nor unfavorableUnfavorable
		Materials price variance		$		FavorableNeither favorable nor unfavorableUnfavorable
		Materials quantity variance		$		FavorableNeither favorable nor unfavorableUnfavorable
(2)		Total labor variance		$		FavorableUnfavorableNeither favorable nor unfavorable
		Labor price variance		$		UnfavorableFavorableNeither favorable nor unfavorable
		Labor quantity variance		$		Neither favorable nor unfavorableUnfavorableFavorable

(b) Compute the total overhead variance.

Total overhead variance

$

UnfavorableNeither favorable nor unfavorableFavorable