Radiance Clothing is a manufacturer of designer suits. For June 2020, each suit is budgeted to take 4 labor-hours. The budgeted number of suits to be manufactured in June 2020 is 1,080. Radiance Clothing allocates fixed manufacturing overhead to each suit using budgeted direct manufacturing labor-hours per suit. Data pertaining to fixed manufacturing overhead costs for June 2020 are budgeted, $73,440, and actual $63,920 In June 2020 there were 1,120 suits started and completed. There were no beginning or ending inventories of suits Requirements 1. Compute the spending variance for fixed manufacturing overbond. Comment on the resulti 2. Compute the production-volume variance for June 2020. What inferences can Radiance Clothing draw from this variance