Assume that the Janis Corporation's manufacturing taclity actualy incurred $2,960,000 of manulacturing overhead for the your. Tolal foced manutacturing overhead was budgeted at $3,010,000 Using a standard costing system, the company allocated $2,941,000 of foced manutacturing overhead to production. Read the requirements. Requirement 1. Calculate the total fred manufacturing overhead variance. What does this tes martagers? you enter) Requirements 1. Calculate the total fured manulacturing overhead variance. What does this tel manogers? 2. Detemine the fued overtead bubat variance. What does this tel managers? 3. Oxtermine the freed overhead volume variance. What does this tell managors? 4. Double check: De the two variances (computed in Requirements 2 and 3 ) aum to the total overhead variance computed in Requiroment