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i More Info - X 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 $11. The budgeted number of suits to be manufactured in June 2017 is 1,120. Actual variable manufacturing overhead costs in June 2017 were $45,400 for 1,100 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 Requirement 1. Compute the flexible-budget variance, the spending variance, and the efficiency variance for variable manufacturing overhead. Begin by computing the following amounts for the variable manufacturing overhead. Actual Input Qty. Actual Costs Allocated Incurred Budgeted Rate Flexible Budget Overhead Now compute the variances flexible-budget vanance, then spending variance, and finally the efficiency variance Label each variance as favorable (F) or unfavorable (U). Flexible-budget variance Spending variance Efficiency variance Luxury Clothing in a manufacturer of age For June 2017 each its budgeted to the labor hour. The budgeted number of this to be manufactured in June 2017 1000 Ly Gothing located and manufacturing overhead to each ting budgeted direct manufacturing bor hours per w Duta pertaining to find manufacturing ved contesto June 2017 are busted 10.120 and 1915 inre 2017 there were started and competed There were being rendementones dots 1. Compute the spending verance and manufacturing overhead Comment on the results 2. Compute the production volume verance for Aune 2017. What ference Luxury Gothing from Requirement 1. Compute the spending variance for fixed manufacturing overhead. Comment on the results. Begin by computing the following amounts for the fixed manufacturing overhead. Flexible Budget: Same Budgeted Same Budgeted Lump Sum Lump Sum Actual Costs Regardless of Regardless of Allocated Incurred Output Level Output Level Overhead Now compute the spending variance. Label the variance as favorable (F) or unfavorable (U). Spending variance Requirement 2. Compute the production-volume variance for June 2017. What inferences can Regal Clothing draw from this variance? Compute the production-volume variance. Label the variance as favorable (F) or unfavorable (U). Production-volume variance