Eagle System assembles PCs and uses flexible budgeting and a standard cost system. Eagle System allocates overhead based on the number of direct materials parts. The company's performance report includes the following selected data: E: (Click the icon to view the selected data.) Requirements A Requirement 5. For manufacturing overhead, compute the total variance, the flexible budget variance, and the production volume variance. (Enter the results as positive numbers. Label each variance as favourable (F) or unfavourable (U).) Eagle System Manufacturing Overhead Variances Total overhead variance: Actual overhead cost Standard overhead allocated to production Total overhead variance Overhead flexible budget variance: Actual overhead cost Flexible budget overhead for actual outputs Overhead flexible budget variance Production volume variance: Flexible budget overhead for actual outputs Standard overhead allocated to production Data table Actual Results Static Budget (21,500 PCs) $ 9,030,000 (23,500 PCs) $ 10,340,000 2,257,500 2,327,800 619,200 Sales (21,500 PCS X $420 ) (23,500 PCs x $440 ) Variable manufacturing expenses: Direct materials (215,000 parts x $10.50 ) (226,000 parts x $10.30 ) Direct labour (43,000 hrs. x $14.40 ) (45,500 hrs. x $15.00 ) Variable overhead (215,000 parts x $ 3.80) (226,000 parts x $ 3.90 ) Fixed manufacturing expenses: Fixed overhead Total cost of goods sold 682,500 817,000 881,400 989,000 1,019,000 4,682,700 4,910,700 $ 5,429,300 Gross profit 4,347,300 $ Print Done