Save Homework: Chapter 8 Score: 0 of 5 pts TI8-4 (book/static) HYV Score: 4.17%, 1 of 24 pt 2 of 7 (1 complete Question Help Matterhom, Inc. produces a special line of toy racing cars Mamerhon the machines and molds. Setup costs are batch-level costs setting up machines and molds for each style of car. The following information pertains to July 2017 produces the cars in batches. To manufacture each batich of the cars, Matterhorn must set up and are fixed with respect to the number of setup-hours. A separate (Click the ioon to view the information) Read the reauirements Requirement a. Calculate the The spending variance for fixed setup overhead costs is $ as favorable (F) or unfavorable (u)) the spending variance for fxed setup overhead costs.(Label the variance as favorable (F) or unfavorable (U)) Requirements Calculate the folowing a. the spending variance for foxed setup overhead costs b. the budgeted fixed setup overhead rate; and c. the production-volume variance for fxed overhead setup costs Print Done