Top-Notch Clothing is a manutacturer of designer suits The cost of each sut is the sum of three vanable costs (direct material costs direct manufacturing labor costs and manufacturing overhead costs) and one fred cost category inatufacturing costs) Variable manufacturing overhead cost is located to each sut on the basis of budgeted direct manufacturing labor hours per sat For June 2014 each sut is budgeted to know hours Budgeted variable manufacturing overhead cont per 514 The budgeted number of suits to be manufactured in June 2014 is 1.100 Actus ble manufacturing cousin 2014 were 365560 for 1.100 sulated and completed there were no beginning er ending news subs Act direct manding or hours for one were 4520 Requirements 1. Compute the flexble budget variance the spending variance, and the efficiency variance to be manufacturing overhead 2. Comment on the resis Requirement 1. Computo the festle budget variance, the spending variance, and the eficiency variance for variable manufacturing evertad Begin by computing the flown out for the awe matching was Actual input ty Actual Costa Allocated Budgeted Rate Flexible Budget Overhead 65540 Now compute the wincest budget anance, then spending and finally the eficiency wance Lachance as to Incurred Flexible Spending variance cancy w Requirement Comment on the roads Top Notch Clothing amaturer of or suits The cost of each suit is the sum of three www costs de corect acting barcoss, and manages de costaregory manualuring veread costs) Variable manufacturing overhead costis cated to each suit on the basis of budgeted red maturing bor hours per sot For June 2014 och suits budgeted two hours Budged verable manufacturing overhead cos per borhout is $14. The budgeted number of suits to be manufactured in June 2014 1.10 Actual variable manufacturing costs in June 2014 were 30.540 114) utsted in completed There were to beginning or ending investors of suits. Acta direct manufacturing bor hours to wore 4530 Requirements 1. Compute the textile-budget vance, the spending ance, and the efficiency varice for the manufacturing ved 2. Comment on the results Requirement 1. Compute the fact budget varunce the spending variance, and the cancy variance for a mandaring over Begin by computer the following amounts of the are mandating verhad Actual input Actual Costs Allocated Incurred Budgeted Rate Flexible Budget Overhead Now computerenaces budget in the sponding wance, and then bachelor) Hexb-budget anance Spending variance