lestion list Question 1 Question 2 Question 3 Question 4 Chic Design is a manufacturer of larpe flowerpots for urban setings. The company has these standards Vew the standards. Chic Design aliocated fxed manulacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 1,900 fowerpots: View the actial results. Bead the regirements Requirement 1. Compule the variable manufacturing overhead variances. What do each of these variances let management? (Enter the variances as postive numberk. Enter the currency amounts in the formulas to the nearest cent, then round the final variance amounts to the nearest whole dollar. Label the variance as faverable (F) or untavorable (U) in the input fled aher the amound you enter.) Begin by computing the variable manufacturing overhead rate variance. First detemine the formula for the rate variance, then compute the rate variance for variable maruflacturing overhead. Requirements 1. Compute the variable manufacturing overhead variances. What do each of these variances tell management? 2. Compute the fixed manufacturing overhead variances. What do each of these variances tell management