Modern Mode Clothing a manufacturer of designer suits. The cost of each suit in the sum of three variables costs (direct material costs, direct manufacturing labor costs, and manufacturing overhead costs) and -cost category (manufacturing overhead costs). Variable manufacturing overhead cost is allocated to each suit on the basis of budgeted direct manufacturing labor-hours per suit. For June 2012, each suit is budgeted to take labor-hours. Budgeted variable manufacturing overhead cost per labor-hour is $14. The budgeted number of suits to be manufactured in June 2012 is 1, 100. Actual variable manufacturing costs in June 2012 were $50, 500 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, 500. 1. Compute the flexible-budget variance, the spending variance, and the efficiency variance for variable manufacturing overhead. 1. Compute the flexible-budget variance, the spending variance, and the efficiency variance for variable manufacturing overhead. Compute the variance: flexible-budget variance, then spending variances, and finally the efficiency variance. Label each variance as favorable (F) or unfavorable (U). Flexible-budget variance Spending variance Efficiency variance