Denali, ino., produces a special Ine of tay racing cars, Denali produces the cars in batches. To manufacture each batch of the cars, Denali must set up the machines and moids. Setup costs are baich-level costs and are fixed with respect to the number of setup-hours. A separase. Setup Department is responsible for seting us machines and molds for each sthle cf car. The following information pertains to July 2017: (Click the leon to view the information.) Read the reguimenents Requirement a. Calculate the spending variance for foxed setup overhead costs. (Label the varance as favorable (F) or unfavorable (U).) The spending variance for fixed setup overthed costs is Requirement b. Calculate the budgeted foxed sotup overhead rate. The budgeted fived satup overhead raie per setup hour is Requirement e. Caiculate the production-volume variance for fred overhead setup conts. (Label the variance as trvorable (F) or untavornble (U).) The production-volume variance for fixed overhead setup cotts is or unfavorable (U).)