Esquire Clothing is a manufacturer of designer suits. The cost of each suit is the sum of three variable costs (direct material costs, direct manufacturing labor costs, and manufacturing overhead costs) and one fixed-cost category (manufacturing overhead costs). (Click the icon to view additional information.) Read the requirements. More info - Requirement 1. Compute the fl Begin by computing the followin Actual In Actual Costs Incurred Budgete Now compute the variances: fle (U). Variable manufacturing overhead cost is allocated to each suit on the basis of budgeted direct manufacturing labor-hours per suit. For June 2020, each suit is budgeted to take 5 labor-hours. Budgeted variable manufacturing overhead cost per labor-hour is $14. The budgeted number of suits to be manufactured in June 2020 is 1,080. Actual variable manufacturing overhead costs in June 2020 were $60,885 for 1,040 suits started and completed. There were no beginning or ending inventories of suits. Actual direct manufacturing labor-hours for June were 4,510. erhead. s favorable (F) or unfavorable Flexible-budget variance Spending variance Efficiency variance Requirement 2. Comment on the results. Esquire had Print Done spending variance because the actual variable overhead rate per direct manufacturing labor-hour was than the budgeted. It had Requirements 1. Compute the flexible-budget variance, the spending variance, and the efficiency variance for variable manufacturing overhead. 2. Comment on the results. Print Done