Esquire Clothing is a manufacturer of designer suits. The cost of each suit is the sum of three variable costs (direct material cost direct manufacturing labor costs, and manufacturing overhead cost and one f warhead costs). Click the icon to view additional information) o t ory Read the requirements Requirement 1. Compute the flexible-budget variance, the spending variance, and the efficiency variance for variable mandacturing overhead Begin by computing the following amounts for the variable manufacturing overhead Actual Input Qity. Actual Costs Allocated Incurred Budgeted Rate Flexible Budget Overhead Now compute the variances flexible-budget variance, then spending variance, and finally the efficiency varieron Label each variance as favorable (F) or unfavorable (U Flexible-budget variance Spending variance Eficiency variance Requirement 2. Comment on the results than the budgeted. It had ciency variance because each w averaged spending variance because the actual variable overhead role per direct manufacturing labor hour was Esquire had labor hours than budgeted. Choose from any list or enter any number in the input fields and then continue to the next question ing ove i More Info Variable manufacturing overhead cost is allocated to each suit on the basis of budgeted direct manufacturing labor-hours per suit. For June 2017, each suit is budgeted to take 4 labor-hours. Budgeted variable manufacturing overhead cost per labor-hour is $12. The budgeted number of suits to be manufactured in June 2017 is 1,040. unce as Actual variable manufacturing costs in June 2017 were $52,164 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. Print Done was than the budgeted. It had efficiency variance because each suit averaged werhead. i Requirements Variable manufacturing overhea Tring la - X purs. budge 1. Compute the flexible-budget variance, the spending variance, and the efficiency variance for variable manufacturing overhead. 2. Comment on the results. ing co ere we labor Print Done able overhead rate per direct manufacturing labor-hour was than the budgeted. It had n continue to the next