[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 fixed overhead cost incurred for the month was $97,400. Exercises 15-32 (Algo) Two-Variance vs. Four-Variance Breakdown of the Total Factory Overhead Cost Variance [LO 15-2] The Platter Valley factory of Bybee industries uses a two-varlance analysis of the total factory overhead variance. Required: 1. 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). 2. Determine the three components of the total flexible-budget variance for overhead (l.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). Complete this question by entering your answers In the tabs below. Compute the total fiexible-budget variance for overhead and the production volume variance for March. What was the total factory overtiead cost variance for March? Indicate whether each variance is favorable (F) or unfavorable (U). [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 fixed overhead cost incurred for the month was $97,400. Exercises 15-32 (Algo) Two-Variance vs. Four-Variance Breakdown of the Total Factory Overhead Cost Variance [LO 15-2] The Platter Volley factory of Bybee Industries uses a two-variance analysis of the total factory overheod variance. Requlred: 1. 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). 2. Determine the three components of the total flexible-budget variance for overhead fle, the variable overhead spending variance, the variable overhesd efficiency variance, and the fixed overhead spending variance); in addition, show the production volume variance for March. Indicate whether eoch variance is favorable (F) or unfavorable (U). Complete this question by entering your answers in the tabs below. variance, the variable overhesd efficiency variance, and the fived overhead spending variance)i in addition, shaw the production volume variance for March. Indicste whether each varance is trvarable (P) or tinfaverabie (U)