Actual Results Conterware alocated fied manulactiving ovehad to production bayed on standard drect lubor Standard Price and Volume CenterWave is a manutactuer of large flower pots for utan settings. The company has these standards: (Cick the loon to vew the standarda.) (Click the icon to viow the actual results) Requirements 1. Compute the variable manufacturing overheod variances. What do each of these variances tell manegement? 2. Compute the fixed manutacturng overhead variances. What do each of these variances tell management? Requirement 1. Compute the varable manutacturing overhead varances. What do each of these varances tell mansgement? (Enter the variances as posite numbers. Enter the currency amounts In the formulas to the noarest cont, then round the frul variance amounts to the noarest whicle dolar. Label the varance as favorable (F) or untevorable (U).) Begin by computing the variable manutacturing overhead rase variance. Fint determine the formula for the rate variance, then compule the rase variance for variable manutacturing overthead