Check my work 3 [The following information applies to the questions displayed below.] The Platter Valley factory of Bybee Industries manufactures field boots. The cost of each boot Includes direct materials. direct labor, and manufacturing (factory overhead. The firm traces all direct costs to products, and it assigns overhead cost to products based on direct labor hours. I Part 3 of 4 10 points The company budgeted $10.250 variable factory overhead cost $90,200 for fixed factory overhead cost and 2050 direct labor hours (its practical capacity to manufacture 4.100 pairs of boots In March. The factory used 3,500 direct labor hours in March to manufacture 4,000 pairs of boots and spent $16,600 on variable overhead during the month. The actual fixed overhead cost incurred for the month was $93.000. eBook Print The Platter Valley factory of Bybee Industries currently uses a four-varlance analysis of the total factory overhead cost varlance but is thinking of changing to a three-varlance analysis. Required: 1. Compute the total overhead spending varlance, the variable overhead, efficiency varlance, and the production volume variance for March and Indicate whether each variance is favorable (F) or unfavorable (U). 2. Prepare the appropriate journal entries at the end of March to record each of the following: (a) the total overhead spending variance, (b) the variable overhead, efficiency variance, and (c) the production volume variance. Assume that all overhead costs are recorded in a single account called "Factory Overhead." References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total overhead spending variance, the (variable overhead) efficiency variance, and the production volume variance for March and indicate whether each variance is favorable (F) or unfavorable (U). Spending Variance Efficiency Variance Production Volume Variance (Required Required 2 > Check my work 3 [The following information applies to the questions displayed below.] The Platter Valley factory of Bybee Industries manufactures field boots. The cost of each boot Includes direct materials. direct labor, and manufacturing (factory overhead. The firm traces all direct costs to products, and it assigns overhead cost to products based on direct labor hours. I Part 3 of 4 10 points The company budgeted $10.250 variable factory overhead cost $90,200 for fixed factory overhead cost and 2050 direct labor hours (its practical capacity to manufacture 4.100 pairs of boots In March. The factory used 3,500 direct labor hours in March to manufacture 4,000 pairs of boots and spent $16,600 on variable overhead during the month. The actual fixed overhead cost incurred for the month was $93.000. eBook Print The Platter Valley factory of Bybee Industries currently uses a four-varlance analysis of the total factory overhead cost varlance but is thinking of changing to a three-varlance analysis. Required: 1. Compute the total overhead spending varlance, the variable overhead, efficiency varlance, and the production volume variance for March and Indicate whether each variance is favorable (F) or unfavorable (U). 2. Prepare the appropriate journal entries at the end of March to record each of the following: (a) the total overhead spending variance, (b) the variable overhead, efficiency variance, and (c) the production volume variance. Assume that all overhead costs are recorded in a single account called "Factory Overhead." References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total overhead spending variance, the (variable overhead) efficiency variance, and the production volume variance for March and indicate whether each variance is favorable (F) or unfavorable (U). Spending Variance Efficiency Variance Production Volume Variance (Required Required 2 >