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Elegance is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards. (Click the icon to view the actual results.) Requirements 1. Compute the variable manufacturing overhead variances. What do each of these variances tell management? 2. Compute the fixed manufacturing overhead variances. What do each of these variances tell management? in the formulas to the nearest cent, then round the final variance amounts to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U).) overhead. What do each of these variances tell management? The variable manufacturing overhead (MOH) rate variance tells managers that efficiency variance tells managers that actual were than than expected. The variable MOH Elegance is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.', (Click the icon to view the actual results.) Requirements 1. Compute the variable manufacturing overhead variances. What do each of these variances tell management? 2. Compute the fixed manufacturing overhead variances. What do each of these variances tell management? efficiency variance tells managers that actual were than variances as positive numbers. Label the variances as favorable (F) or unfavorable (U).) ==FixedMOHvolumevariance What do each of these variances tell management? The fixed overhead budget variance tells managers that ]. The fixed overhead volume variance tells managers that Standard Price and Volume Actual Results Elegance allocated fixed manufacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 1,900 flower pots