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Luxury Clothing manufacturer of designer suts For June 2017, each suit is budgeted to take 4 labor-hours. The budgeted number of sus to be manufactured in June 2017 s 1,000 Luxury Clothing allocates fed manufacturing overhead to each sut using budgeted det mang labor tours per sut Data pertaining to feed manufacturing overhead costs for June 2017 are budgeted 500 120, and actual 963.915 in June 2017 there were 140 sut started and completed. There were no beginning or ending inventones of sus Requirements 1. Compute the spending vanance for and manufacturing overhead Comment on the resu 2. Compute the production volume wariance for June 2017 What enterences can Luxury Clothing draw from this vanane?