2) Baking Bad bakes tarts for distribution to upscale grocery stores. The company has two direct-cost categories: direct materials and direct manufacturing labor. Variable manufacturing overhead is allocated to products on the basis of standard direct manufacturing labor-hours. Following are some budget data for Baking Bad: Direct manufacturing labor use 0.02 hours per tart Variable manufacturing overhead 10.00 per direct manufacturing labor-hour Baking Bad provides the following additional data for the year ended December 31,2020 : 1.What is the denominator level used for allocating variable manufacturing overhead? (That is, for how many direct manufacturing labor-hours is Baking Bad budgeting?) 2.Prepare a variance analysis of variable manufacturing overhead