SB The Platter Valley factory of Bybee Industries... The following information applies to the questions displayed below.] The Platter Valley factory of Bybee Iindustries manufactures field boots. The cost of cech boot includes direct materials, direct labor, and manufacturing overhead. The firm traces all direct costs to products, and it essigns overhead based on direct labor hours The company budgeted $9.660 variable overhead and 2.100 direct labor hours to manufacture 4 200 pairs of boots in March The foctory used 3.900 direct labor hours in March to manufacture 4000 pairs of boots and spent S17000 For March the Platter Valley factory of Bybee Industries budgeted $92.400 of fixed overhead. Its practical The actual fixed overhead incurred for the month was $95,600. on variable overhead curing the month, capacity is 2.100 direct labor hours per month (to manufacture 4,200 pairs of boots). Exercises 15-32 Two-Variance Analysis of the Factory Overhead Variance [LO 15-2] The Platter Valley factory of Bybee Industries uses a two-variance analysis of the total factory overhead variance. Required 1. Compute the total flexible-budget variance and the fixed overhead production volume variance for March. Total Flexible-Budget Variance Fixed Overhead Production Volume Variance 2. Determine the flexible-budget variance and the fixed overhead production volume variance for March. Two-Variance Overhead Analysis Total flexible-budget variance Fixed overhead production volume variance