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CALCULATOR FULL SCREEN PRINTER VERSION BACK Problem 24-03A a-b Rudd Clothiers is a small company that manufactures tallmen'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 16,000 direct labor hours. Al materials purchased were used Cost Element Direct materials Direct labor Overhead Standard (per unit) 10 yards at $4.90 per yard 1.20 hours at $13.00 per hour 1.20 hours at $6.40 per hour (fixed $3.60; variable $2.50) Actual $501,020 for 106,600 yards ($4.70 per yard) $182,508 for 13,620 hours ($13.40 per hour) $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) bor (Round per unit walues to 2 decimal places, places, eg. 52.) 0.52.75 and final answers to decimal (1) Total materials variance Materials price variance Materials quantity variance (2) Total labor variance Labor price variance Compute the total price and quantity wariances for (1) materials and (2) Labor (Round per unit values to 2 decimal places, ..52.75 and final answers to places, 952) (1) Total materiais variance decimal Materials price variance ady Materials quantity variance (2) Total labor variance Labor price variance Labor quantity variance (b) Compute the total overhead variance Total overhead variance Click if you would like to show Work for this

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