OpulenceOpulence. Clothing is a manufacturer of designer suits. The cost of each...

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Accounting

OpulenceOpulence.
Clothing is a manufacturer of designer suits. The cost of each suit is the sum of three variable costs(direct materialcosts, direct manufacturing laborcosts, and manufacturing overheadcosts) and onefixed-cost category(manufacturing overheadcosts).1. Compute the flexible-budget variance, the spending variance, and the efficiency variance for variable manufacturing overhead.
2. Comment on the results.

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