Opulence Clothing is a manufacturer of designer sults. For June 2017, each sultis budgeted to take 5 taboe-hours. The budgeted number of suits to be manufactured in June 2017 1.080 Opulence Coning cam foted manufacturing overhead to each suit using budgeted direct manufacturing labor-hours per suit, Data pertaining to find manufacturing overhead costs for June 2017 are budget $84800, and June 2017 there were 1,080 suit started and completed. There were no beginning or ending inventories of suits Requirements 1. Compute the spending variance for fixed manufacturing overhead. Comment on the results 2. Compute the production volume variance for June 2017. What inferences can Opulence Clothing draw from this variance? Requirement 1. Compute the spending variance for food manufacturing overhead Comment on the results. Begin by computing the following amounts for the fixed manufacturing overhead. Flexible Budget: Same Budgeted Same Budgeted Lump Sum Lump Sum Actual Costs Regardless of Regardless of Allocated incurred Output Level Output Lovel Overhead 63920 34800 84800 Now compute the spending variance. Label the variances favorable (F) or unfavorable (U) Spending variance Comment on the results Opulence sport The fed manufacturing overhead spending verance and me and manufacturing feite budget Choose from any list or enter any number in the input fields and then continue to the next question S. w E . F O Opulence Clothing is a manufacturer of designer suits. For June 2017, each suit is budgeted to take 5 labor-hours. The budgeted number of suits to be montaturet e Jore 2017 a 1.000 Odense Ceng alit fed manufacturing overhead to each suit using budgeted direct manufacturing labor-hours per suit, Data pertaining to find manufacturing head costs for Vine 2017 at 10 June 2017 there were 1.080 suits started and completed. There were no beginning or ending inventories of suits Requirements 1. Compute the spending variance for food manufacturing overhead Comment on the results, 2. Compute the production-volume variance for June 2017. What inferences can Opulence Clothing dro trom this vertence? wwwcy GOVORU Spending variance Comment on the results the bude roue 2017 The feed manufacturing overhead spending variance and the fixed manufacturing flexible budget variance are Opulence et Requirement 2. Compute the production volume variance for June 2017 What inferences can Opulence Clothing draw from this war? Compute the production-volume variance. Label the variante as favorable (F) or untable (U) Production volume variance What inferences can Opulence Cloming draw from this variance? W than the budgeted production. This The production volume variance arises because the actual production of susi Opulence Clothing may want to consider the following for this type of production tools the man Choose from any list or entor any number in the input fields and then continue to the next question 2 R E G F S
