Regal 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 foxed-cost category (manufacturing overhead costs) (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 overhead. Begin by computing the following amounts for the variable manufacturing overhead Actual Input Qty. Actual Costs Incurred Budgeted Rate Flexible Budget Allocated Overhead sendir nute Now compute the variances flexible-budget variance, then spending variance, and finally the efficiency variance. Label each variance as favorable (F) or unfavorable (U) Flexible-budget variance Spending variance Efficiency variance Requirement 2. Comment on the results Regal had spending variance because the actual variable overhead rate per direct manufacturing labor-hour was than the budgeted if al Clothing is a manufa manufacturing overhead costs) and one fixed-cost category (manufacturing (Click the icon to view additional information.) ead the requirements Begin by computing the follow Actual Actual Costs Incurred Budge Now compute the variances f unfavorable (U) More info Variable manufacturing overhead cost is allocated to each suit on the basis of budgeted direct manufacturing labor-hours per suit. For June 2020, each suit is budgeted to take 4 labor-hours. Budgeted variable manufacturing overhead cost per labor-hour is $11. The budgeted number of suits to be manufactured in June 2020 is 1,120 Actual variable manufacturing overhead costs in June 2020 were $51,865 for 1,100 suits started and completed. There were no beginning or ending inventories of suits. Actual direct manufacturing labor-hours for June were 4,510 X as favorable (F) or Flexible-budget variance Spending variance Print Done Efficiency variance Requirement 2. Comment on the results arina labor-hour was than the budgeted It gal 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, d manufacturing overhead costs) and one fixed-cost category (manufacturing overhead costs) (Click the icon to view additional information.) Read the requirements Begin by computing the following amounts for the variable manufacturing overhead Actual Input Qty. Actual Costs Incurred Budgeted Rate Flexible Budget Allocated Overhead Now compute the variances flexible-budget variance, then spending variance, and finally the efficiency variance. Label each variance as favorable (F) or unfavorable (U) Flexible budget variance. Spending variance Efficiency variance Requirement 2. Comment on the results Regal had had spending variance because the actual variable overhead rate per direct manufacturing labor-hour was efficiency variance because each suit averaged labor-hours than budgeted than the budgeted. It