Answer any FIVE (5) questions out of SIX 6 questions. Each question carries 20 marks, Question 1 The French Bread Company bakes baguettes for distribution to upscale grocery stores. The company has been incorporated in 1980s. Due to high demand on it's products, The French Bread Company has expended business to multiple locations around the world. As The French Bread Company become multinational firm, the management of the company was required to prepare annual budget for the manufacturing department. For this regards, the company employed a management accountant to execute the preparation of manufacturing budgets. The company has disclosed some information with regards to their manufacturing processes. There are 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 is other budget data for The French Bread Company: Direct manufacturing labour use Variable manufacturing overhead 0.02 hours per baguette RM 10.00 per direct manufacturing labor-hour The French Bread Company provides the following additional data for the year ended December 31, 2019: Planned (budgeted) output 3.200,000 baguettes Actual production 2,800,000 baguettes Direct manufacturing labour 50,400 hours Actual variable manufacturing overhead RM 680.400 Required: (a) Calculate the denominator level used for allocating variable manufacturing overhead? (That is, for how many direct manufacturing labor-hours is French Bread budgeting?) (3 marks) (b) Prepare a variance analysis of variable manufacturing overhead for French Bread Company for 2019. Show all the workings of calculation (10 marks) (C) Discuss the variances you have calculated and give possible explanations for them. (7 marks) [Total: 20 marks)