Opulence 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 cost is allocated to each suit based on budgeted direct manufacturing labour-hours (DMLH) per suit. For June 2018, each suit is budgeted to take 4 labour-hours. Budgeted variable manufacturing overhead cost per labour-hour is $13.00. The budgeted number of suits to be manufactured in June 2018 is 1.020. Actual variable manufacturing overhead costs in June 2018 were $61,020 for 1,040 suits started and completed. There was no beginning or ending inventory of suits. Actual DMLH for June were 4,520. Required 1. Compute the flexible-budget variance, the rate variance, and the efficiency variance for variable manufacturing overhead. 2. Comment on the results. Requirement 1. Compute the flexible-budget variance, the rate variance, and the efficiency variance for variable manufacturing overhead. Begin by computing the following amounts for the variable manufacturing overhead. (Round your answers to the nearest whole dollar.) Actual Costs Incurred Actual Input Quantity x Budgeted Rate Flexible Budget