4-1 MyAccounting Lab Homework: Chapters 6-8 Question 7, E8-24 (similar to) Part 1 of 4 HW Score: 48.72%, 21.92 of 45 points Points: 0 of 5 Save The Whole Bread Company bakes baguettes 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. (Click the icon to view the budget data for 2017.) (Click the icon to view the additional data for 2017.) The Whole Bread Company also allocates fixed manufacturing overhead to products on the basis of standard direct manufacturing labor-hours. For 2017, fixed manufacturing overhead was budgeted at $3.00 per direct manufacturing labor-hour. Actual fixed manufacturing overhead incurred during the year was $288,000. Read the requirements. Data table Requirement 1. Prepare a variance analysis of fixed manufacturing overhead cost. Planned (budgeted) output 3,400,000 baguettes Actual production 3,300,000 baguettes Begin by completing the table below for the fixed manufacturing overhead that will be used to calculate the variances. Direct manufacturing labor 60,100 hours Actual Costs Incurred Same Budgeted Lump Sum Regardless of Output Level Actual variable manufacturing overhead $823,370 Flexible Allocated Budget Overhead Data table Fixed MOH Direct manufacturing labor use Variable manufacturing overhead 0.02 hours per baguette $10.00 per direct manufacturing labor-hour Print Done