Modern Mode Clothing is a manufacturer of designer suits. The cost of each suit is the sum of three variable costs (direct materials costs, direct manufacturing labour costs, and manufacturing overhead costs) and one fixed-cost category (manufacturing overhead costs). Variable manufacturing overhead (VMOH) cost is allocated to each suit based on budgeted direct manufacturing labour-hours (OMLM) per suit. For June, each suit is budgeted to take 5 labour-hours, Budgeted VMOH costs per labour hour is $11.00. The budgeted number of suits to be manufactured in June is 1,160. Actual VMOH costs in June were $47.775 for 1.180 suits started and completed. There was no beginning or ending inventory of suits. Actual DMLH for June were 4,550, Required 1. Calculate the flexible-budget variance, the rate variance, and the officiency variance for VMOH. 2. Comment on the results Requirement 1. Calculate the flexible-budget variance, the rate variance, and the eficiency variance for VMOH. Begin by computing the following amounts for the VMOH. (Round your answer to the nearest whole dollar) Actual Input Quantity Budgeted Rate Flexible Budget 47.775$ 50,050 $ Now, compute the variances: Nexible-budget varianco, then rato variance, and finally the efficiency variance. Label each varianco as favourable (F) or untavourable (U) Actual Costs Incurred $ 54,900 Variance FU F F am Flexible-budget variance Rate variance Efficiency variance F Clear all Final check Calculator