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Question 1 Rudd Clothiers is a small company that manufactures tal-men's suits. The company has used a standard cost accounting system. In May 2020, 10,500 sults were produced. The following standard durcos de podem of May when normal capacity was 13,000 direct labor hours. All materiais purchased were used Cost Element Standard (per unit) Actual Direct materials 7 yards at 54.00 per yerd $281.0 for 74.100 yards ($3.00 per yard) Direct labor 1.10 hours at $13.00 per hour $162,810 for 12,150 hours (513.40 per hour Overhead 1.10 hours at 86.40 per hour (fore $3.60; variable $2.00) 549.400 fixed overhead 137,500 wale overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted feed overhead costs were $46,800, and budgeted variable overhead was $36,400. Compute the total price and quantity variances for (1) materials and (2) labor (Round per unit values to 2 decimal places. 52.95 and final answers to decimal places...) (1) Total materiais variance 5 : * Materials price variance Material quantity variance : $ (2) Total laborance s Labor price variance $ 1 Labor quantity variance (b) Compute the total overhead variance. Total overhead variance $ Click if you would like to Show Work for this question: Open Show Work CULATOR Question 2 Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2020 Costs and Production Data Actual Standard Raw material unit COSE $2.30 $2.10 Raw materials units 11,200 10,300 Direct labor ayol $174,000 $165,720 Direct labor hours 15.000 Manufacturing overhead curred 3202,100 Manufacturing overhead applied $205,200 Machine hours expected to be used at normal capacity 41,500 Budgeted fred overhead for June 562.250 Vale overhead rate per machine hour $1.00 Fixed overhead rate per machine ou 15.200 Overhead is applied on the basis of standard machine Nurs, 3.00 hours of machine time are readired for each direct laborhout the wired for 1498,000, and we 116.700 me amount of raw materials purchased equaled the amount used (a) Compute all of the variances for (1) direct materials and (2) direct 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 Materials price variance : . Materials quantity variance (2) Total labor variance $ Labor price variance Labor quality variance Click if you would like to show Work for this question Open Show Work

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