Question 3, T18-4 (similar to) Part 1 of 3 HW Score: 20%, 2 of 10 points O Points: 0 of 1 Save Denali, Inc., produces a special line of toy racing cars. Denali produces the cars in batches. To manufacture each batch of the cars, Denali must set up the machines and molds. Setup costs are batch-level costs and are fixed with respect to the number of setup-hours. A separate Setup Department is responsible for setting up machines and molds for each style of car. The following information pertains to July 2017: (Click the icon to view the information.) Read the requirements. Requirement a. Calculate the spending variance for fixed setup overhead costs. (Label the variance as favorable (F) or unfavorable (U).) The spending variance for fixed setup overhead costs is Requirements Calculate the following: a. the spending variance for fixed setup overhead costs; b. the budgeted fixed setup overhead rate; and c. the production-volume variance for fixed overhead setup costs. Print Done Etext pages Calculator ASK my instructor Type here to search 0 C Data table - X Actual Static-budget Amounts Amounts Units produced and sold 12,300 11,100 Batch size (number of units per batch) Setup-hours per batch 325 300 3 4.00 Total fixed setup overhead costs 7,000 $ 5,772 Print Done Rain... A 9:18 PM 4/18/2022