Modern$$Mode Clothing is a manufacturer of designer suits.

For June $2014,$ each suit is budgeted to take$55$ labor$-$hours. The budgeted number of suits to be manufactured

in June $2014$is $1,060.$ Modern$$Mode 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 $2014$ are$$budgeted$,$

$$79,500,$ and$$actual$,$ $$63,930.$ In June $2014,$ there were $1,100$

suits started and completed. There was no beginning or ending

inventories of suits.Requirements$1.$ Compute the spending variance for fixed

manufacturing overhead. Comment on the results$\mathrm{.}2.$ Compute the$$production$-$volume variance

for June $2014.$What inferences can Modern$$Mode 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.Flexible Budget:$$Same BudgetedSame Budgeted$$Lump SumLump Sum$$Actual CostsRegardless ofRegardless ofAllocatedIncurredOutput LevelOutput LevelOverhead$$