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-oost category manufacturing overhead costs). (Click the icon to view additional information.) - X More Info Read the requirements, Requirement 1. Compute the flexible-budget variance, the spending variance, and the efficiency variance for variable manutacturing overhead. Begin by computing the following amounts for the variable manufacturing overhead. Variable manufacturing overhead cost is allocated to each sult on the basis of budgeted direct manufacturing labor-hours per sult. For June 2020, cach sult is budgeted to tako 4 lapor hours. Budgeted variable manufacturing overhead cost per labor hour is $12. The budgeted number of sults to be manufactured in June 2020 is 1,040 Actual Input Qty. Actual Costs Incurred x Budgeted Rate Allocated Overhead Flexible Budget Actual variable manufacturing overhead costs in June 2020 were $52,161 for 1.080 suits started and completed. There were no beginning or ending inventories of suits. Actual direct manufacturing labor-hours for June were 4,536. Now compute the variances: flexible-budget variance, then spending variance, and finally the efficiency variance. Label each variance as favorab Print Done 328 Flexible-budget variante Spending variance Elficiency variance F 2268 2592 U Requirement 2. Comment on the results. than the budgeted. It had officiency varlance because each suit averaged Esquire had spending variance because the actual variable overhead rate per direct manufacturing labor hour was labor-hours than budgeted