Required Information [The following Information applies to the questions displayed below.] The Platter Valley factory of Bybee Industrles manufactures field boots. The cost of each boot Includes direct materlals, 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 $9,660 varlable factory overhead cost, $92,400 for fixed factory overhead cost and 2,100 direct labor hours (Its practical capacity) to manufacture 4,200 pairs of boots in March. The factory used 3,900 direct labor hours in March to manufacture 4,000 palrs of boots and spent $17,000 on varlable overhead during the month. The actual fixed overhead cost Incurred for the month was $95,600. The Platter Valley factory of Bybee Industrles uses a two-varlance analysis of the total factory overhead varlance. Requlred: 1. Compute the total flexlble-budget varlance for overhead and the productlon volume varlance for March. What was the total factory overhead cost varlance for March? Indicate whether each varlance Is favorable (F) or unfavorable (U). 2. Determine the three components of the total flexible-budget varlance for overhead (I.e., the varlable overhead spending varlance, the varlable overhead efficlency varlance, and the fixed overhead spending varlance); In addition, show the production volume varlance for March. Indicate whether each varlance Is favorable (F) or unfavorable (U). Compute the total flexible-budget variance for overhead and the production volume variance for March. What was the total factory overhead cost variance for March? Indicate whether each variance is favorable (F) or unfavorable (U). Determine the three components of the total flexible-budget variance for overhead (i.e., the variable overhead spending variance, the variable overhead efficiency variance, and the fixed overhead spending variance); in addition, show the production volume variance for March. Indicate whether each variance is favorable (F) or unfavorable (U)