E8-22 (similar to) Question Help Esquire Clothing in a manufacturer of designer suits. For June 2017, each suit is budgeted to take 4 labor hours. The budgeted number of suits to be manufactured in June 2017 is 1.000. Esquiro Clothing allocates foed manufacturing overhead to each suit using budgeted direct manufacturing labor-hours per suit. Data pertaining to fixed manufacturing overhead costs for June 2017 are budgeted, 572,080, and actual, $63,900. In June 2017 there were 1,120 suits started and completed. There were no beginning or ending inventories of sults. Requirements 1. Compute the spending variance for food manufacturing overhead. Comment on the results 2. Compute the production-volume variance for June 2017 What inferences can Esquire Clothing draw from this variance? Requirement 1. Compute the spending variance for fixed manufacturing overhead. Comment Begin by computing the following amounts for the fixed manufacturing overhead. g St. Flexible Budget: Same Budgeted Lump Sum Regardless of Output Level Same Budgeted Lump Sum Regardless of Output Level Actual Costs Incurred es tcut Allocated Overhead Enter any number in the edit fields and then click Check