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 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 Allocated Incurred Budgeted Rate Flexible Budget 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 v than the budgeted. It had V spending variance because the actual variable overhead rate per direct manufacturing labor-hour was V efficiency variance because each suit averaged | v labor-hours than budgeted. A More Info Variable manufacturing overhead cost is allocated to each suit on the basis of budgeted direct manufacturing labor-hours per suit. For June 2017, each suit is budgeted to take 3 labor-hours. Budgeted variable manufacturing overhead cost per labor-hour is $13. The budgeted number of suits to be manufactured in June 2017 is 1,200. Actual variable manufacturing costs in June 2017 were $61,425 for 1,140 suits started and completed. There were no beginning or ending inventories of suits. Actual direct manufacturing labor-hours for June were 4,550