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Esquire Clothing is a manufacturer of designer suits. The cost of each suit is the sum of three variablo costs (direct matorial costs, direct manufacturing tabor costs, and manutacturing overhead costs) and one fixed-cont category (manufacturing overhead costs). (i) (Click the icon to view additional information.) Read the reguirements. Requirement 1. Compute the flexible-budget variance, the spending variance, and the efflciency variance for variable manufacturing overthead Begin by computing the following arnounts for the variable manutacturing overhead. Aetual Innut Otv. More info Variable manutacturing ovectiead cost is allocated to each suit on the basis of budgeted direct manufacturing labor-hours pet auit For June 2020, each suit is budgeted to take 4 labor-hours. Budgoted variable manutacturing overhead cost per labor-hour is $13. The budgeted number of sults to be manufactured in June 2020 is 1,040. Actual variable manufacturing overthead costs in June 2020 were $56.250 for Actual varable manufacturing overtwad costs in sune 2020 suits started and completed. There were no beginning or ending inventories of suits. Actual direct manulacturing laboc-hours for June were 4,500 . Requirements 1. Compute the flexible-budget variance, the spending variance, and the efficiency variance for variable manutacturing overhead. 2. Comment on the results