Pagal Clothing is a manufacturer of designier suits. The cost of each suit is the sum of three variable costs (direct material costs, direct manufacturing labor costs. and manufacturing overhead costs) and one fixed cost category (manufacturing overhead costs). Click the icon to view additional information) Read the requirements More Info Requirement 1. Compute the flexible-budget variance, Begin by computing the following amounts for the variat Variable manufacturing overhead cost is allocated to each suit on the basis of budgeted direct manufacturing labor hours par suit. For June 2020, each suit is Actual Input Qty. budgeted to take 5 labor-hours Budgeted variable manufacturing overhead cost Actual Costs per labor hour is $15. The budgeted number of suits to be manufactured in June 2020 is 1,060 Incurred Budgeted Rate Flexible By Actual variable manufacturing overhead costs in June 2020 were $71,680 for 1,000 suits started and completed. There were no beginning or ending inventories Now compute the variances: flexible budget variance, of suits. Actual direct manufacturing labor-hours for June were 4,480 or unfavorable (U) Print Five Choose from any list or enter any number in the input fields and then continue to the next question Done Click the icon to view additional information.) Read the requirements Requirement 1. Compute the flexible-budget variance, the spending variance, and the efficiency variance for variable manufacturing overhand Begin to computing the following amounts for the variable manufacturing overhead, Actual Input Qty. Allocated Incurred Budgeted Rate Flexible Budget Overhead Actual Costs Now compute the variances: flexible budget vanance, then spending variarce, and finally the officiency variance. Label each variance as favorable () or unfavorable Flexible-budget variance Choose from any list or enter any number in the input fields and then continue to the next question Terms of US recycopyright 2020 Pearson Education in its reserved Ropa Clothing is a manufacturer of designer suits. The cost of each suit is the sum of three variable costs (direct material costs, direct manufacturing labor costs, and manufacturing overhead costs) and one fixed cost category (manufacturing overhead costs) Click the icon to view additional information) Read the statements Now compute the variances flexible budget variance, then spending variance, and finally the officiency variance. Label each variance as favorable (F) or unfavorable Flexible budget variance Spending variance Ellicency vanance Requirement 2. Comment on the results spending variance because the actual variable overhead rate per direct manufacturing labor hour was efficiency variance because each suit averaged tabor hours than budgeted. Regal had than the budgeted It had Choose from any intor enter any number in the input fields and then continue to the next question Terus nyopyright owo reason to Pront Heserved