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 manufacturng overhend cosis) and one fixed-cost category (mantufacturing overtioad costs). (Click the icon to viow additional information.) Read the reguirements. Requirement 1. Compute the fexble-budpot variance, the spending variance, and the efficiency variance for variable manufacturing owertiead. Begin by computing the following amounts for the varabie manufacturing overhead. Now compute the variances; flexible-budget variance, then spending variance, and finaly the efficiency variance. Label each variance as favorable (F) or urfavorable (U) Flexible-budget variance