Earthem Ware is a manufacturer of large fowerpots for urban setings. The compary has these standards: Vere the standards. Earthem Wareallocated foved manufacturing overhead to production based on standard dinect labor hours, Last month, the company reported the following actual results for the production of 1,400 fowerpots: Yienthe actual results. Read the reguirements. Requirement 1. Compute the variable manufacturing overhead variances. What do cach these variancos tell managemont? (Enter the variances as positive numbers, Enter the Currency amounts in the formulas to the nearest cent, then round the final variancen amounts to the nearest whole dolar. Label the variance as favorable (F) or unfavorable (U) in she input field affer the amount you enter.) Begin by computing the variable manufacturing overthead rate variance. First determine the formula for the rate variance, then compute the rate variance for varlable manutacturing overthead. Standard Price and Volume Actual Results Requirements 1. Compute the variable manufacturing overhead variances. What do each of these variances tell management? 2. Compute the fixed manufacturing overhead variances. What do each of these variances tell management