HELP ME SOLVE BOTH REQUIREMENTS PLEASE!!!!!! Top $-$ Notch 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$).$

i$)($Click the icon to view additional information.$)$

Read the requirements.

Requirement $1.$ Compute the flexible$-$budget variance, the spending variance, and the efficiency variance for variable manufacturing overhead.

Begin by computing the following amounts for the variable manufacturing overhead.

More info

Requirements

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 $3$ labor$-$hours. Budgeted variable manufacturing overhead cost

per labor$-$hour is $$13.$ The budgeted number of suits to be manufactured in June

$2020$ is $1,080.$

Actual variable manufacturing overhead costs in June $2020$ were $$54,120$ for

$1,040$ suits started and completed. There were no beginning or ending inventories

of suits. Actual direct manufacturing labor$-$hours for June were $4,510.$

Compute the flexible$-$budget variance, the spending variance, and the efficiency

variance for variable manufacturing overhead.

Comment on the results.

Esquire Clothing is a manufacturer of designer suits. For June $2020,$ each suit is budgeted to take $5$ labor$-$hours. The budgeted number of suits to be manufactured in June $2020$ is $1,180.$ Esquire

Clothing allocates fixed manufacturing overhead to each suit using budgeted direct manufacturing labor$-$hours per suit. Data pertaining to fixed manufacturing overhead costs for June $2020$

are budgeted, $$106,200,$ and actual, $$63,925.$ In June $2020$ there were $1,240$ suits started and completed. There were no beginning or ending inventories of suits.

Requirements

Compute the spending variance for fixed manufacturing overhead. Comment on the results.

Compute the production$-$volume variance for June $2020.$ What inferences can Esquire Clothing draw from this variance?

Requirement $1.$ Compute the spending variance for fixed manufacturing overhead. Comment on the results.

Begin by computing the following amounts for the fixed manufacturing overhead.