X Your answer is incorrect. Rudd Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2020, 10,500 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 14,700 direct labor hours. All materials purchased were used. Cost Element Standard (per unit) Actual 7 yards at $4.10 per yard $293,485 for 74,300 yards ($3.95 per yard) Direct materials Direct labor 1.44 hours at $13.70 per hour 1.44 hours at $6.50 per hour (fixed $3.80; variable $2.70) $226,064 for 15,920 hours ($14.20 per hour) $48.200 fixed overhead $36,500 variable overhead Overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $55,860, and budgeted variable overhead was $39,690. Compute the overhead controllable variance and the overhead volume variance. Overhead controllable variance $ 13580 Unfavorable Overhead volume variance $ 7930 Unfavorable e Textbook and Media Assistance Used