Your answer is partially correct. Try agan. Rudd Clothiers is a small company that manufactures tal-men's suits. The company has used a standard cost accounting system. In May 2020, 10,300 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 8 yards at s4.80 per yard Direct labor.20 hours at $14.00 per hour overhead1,20 hours at 6.30 per hour (hxed s3.s0: vanable s2.80)48,100 nxed overhead $37,500 varable overhesad 387,345 for 83.300 vards ($4.65 per yard) $186,758 for 13,060 hours ($14.30 per hour) Overhead is applied on the basis of direct lator hours At normal capacity, budgeted fixed overthead costs were $56,000, and budgeted variable overhead wos $44,800 Compute the total, price, and quantity variances for (1) materisis and (2) lsabor (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, eg. 52.) (1) Total matenals variance 817 able Materials price variance Materials quantity variance (2) otl abor variance Labor price variance 3,91 Labor quantity viriance