Your answer is partially correct. Try again. Rudd Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2017, 10,000 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 12,500 direct labor hours. All materials purchased were used Direct materials Direct labor Overhead 6 yards at $4.00 per yard 1.10 hours at $13.00 per hour 1.10 hours at $6.00 per hour (fixed $3.50; variable $2.50) $235,950 for 60,500 yards ($3.90 per yard) $154,280 for 11,600 hours ($13.30 per hour) $48,000 fixed overhead $36,500 variable overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $43,750, and budgeted variable overhead was $31,250 Compute the total, price, and quantity variances for(1) materials and (2) labor. (Round answers to 0 decimal places, e.g. 125.) (1) Total materials variance 6050 Favorable Materials price variance 2000 Neither favorable nor unfavorable Materials quantity variance 8050 Favorable (2) Total labor variance 3480 Neither favorable nor unfavorable Labor price variance 7800 Neither favorable nor unfavorable Labor quantity variance 11280 Neither favorable nor unfavorable # Compute the total overhead variance. Total overhead variance 3230 Unfavorable LINK TO TEXT LINK TO TEXT LINK TO TEXT