Tailored Clothing is a manufacturer of designer suits. The cost of each suit is the sum of three variable costs (direct material os, direct manufacturing labor costs, and manufacturing overhead costs) and one fred cont category inachung perhead costs) Click the icon to view additional information) Read the requirements Requirement 1. Compute the flexble-budget variance, the spending variance, and the efficiency variance for variable manufacturing overhead Begin by computing the folowing amounts for the variable manufacturing overhead. Actual Input Qty. Actual Costs Allocated Incurred Budgeted Rate Flexible Budget Overhead Now compute the variance feuble budget variance, then spending variance, and finally the efficiency variance, Label each vertence as favorable (F) or untevorable (U) Fleeble budget variance Spending wariance Eficiency variance Requirement 2. Comment on the results Tailored had spending variance because the actual variable overhead rate per direct manufacturing wor-hour was than the budgeted. I had labor hours than budgeted oficiency variance because each suit averaged Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air & $ 4 7 8 6 0 9 1 3 2 a P W Q U R E . Y -e, alu te enciency variance of Variable manufacturing overhead. i 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 5 labor-hours. Budgeted variable manufacturing overhead cost per labor-hour is $15. The budgeted number of suits to be manufactured in June 2017 is 1,160. Actual variable manufacturing costs in June 2017 were $63,560 for 1,140 suits started and completed. There were no beginning or ending inventories of suits. Actual direct manufacturing labor-hours for June were 4,540. Print Done