Required information SB (Algo) The Platter Valley factory of Bybee Industries... [The following information applies to the questions displayed below] The Platter Valley factory of Bybee Industries manufactures field boots. The cost of each boot includes direct materials, direct labor, and manufacturing (factory) overhead The firm traces all direct costs to products, and it assigns overhead cost to products based on direct labor hours. The company budgeted $10,080 variable factory overhead cost, $93,600 for fixed factory overhead cost and 2,400 direct labor hours (its practical capacity) to manufacture 4,800 pairs of boots in March. The factory used 4,500 direct labor hours in March to manufacture 4,600 pairs of boots and spent $17,600 on variable overhead during the month. The actual foced overhead cost incurred for the month was $97.400 xercises 15-29 (Algo) Variable Factory Overhead Variances; Journal Entries [LO 15-2, 15-3] equired: Compute the factory overhead flexible budget variance, the factory overhead spending varance, and the efficiency variance for anable factory overnead for March and state whether each varance is favorable (f) or unfavorable (U) Provide the appropriate journal entry to record the variable overhead spending variance and a second entry to record the variable averhead efficiency vartance for March. Assume thot the company uses a single account, Factory Overhead, to record overthead costs Complete this question by entering your answers in the tabs betow. Provide the appropriate joumal entry to record the variable oveshead spending variance and a second entry to record the variable overhead effidency varlance for March. Assume that the company uses a single account, Factory Overhead, to record overhead coste. (uf