Esquire Clothing is a manufacturer of designer suits. The cost of each suit is the sum of these variable (direct material costs, direct manufacturing labor costs, and manufacturing overhead costs) and one fixed-cost category (manufacturing overhead costs) Variables manufacturing overhead cost is allocated to each on the basis of budgeted direct manufacturing labor-hours per unit. For June 2012, each is budgeted to take four labor hours. Budgeted variable manufacturing overhead cost per labor hour is $10. The budgeted number of suits to be manufactured in June 2012 is 1, 180. Actual variable manufacturing cost in June 2012 were $40, 320 for 1, 160 units started and completed. There were to beginning or ending inventories of units. Actual direct manufacturing labor-hours for June were 4, 430. Requirements Compute the flexible-budget variance, the spending variance, and the efficiency variance for variable manufacturing overhead Requirement 1. Compute for flexible-budget variance, the spending variance, and the efficiency variance for variable manufacturing overhead. Compute the variances Flexible-budget variance, then spending variance, and finally the efficiency variance. Label each variance as favorable (F) of untreatable (U). Flexible-budget variance Spending variance Efficiency variance