Calibri Poste 12 - AA == === Gener BIU > $ $ Clipboard Font Alignment S -1 f Flexible Budgets, Overhead Cost Variances, a D The Sourdough Bread Company bakes baguettes for distribution to upscale grocery stores. The company has two direct.cost categories: direct materials and direct manufacturing labor. The Sourdough Bread Company allocates fixed manufacturing overhead to products on the basis of standard direct manufacturing labor-hours. The following is some budget data for the Sourdough Bread Company for 2020, Direct manufacturing labor use 0.02 hours per baguette Fixed manufacturing overhead $3.00 per direct manufacturing labor-hour The following is additional information for the Sourdough Bread Company for the year ended December 31, 2020: Planned (budgeted) output 3,100,000 baguettes Actual production 2,600,000 baguettes Budgeted direct manufacturing labor 62,000 hours Actual direct manufacturing labor 46,800 hours Actual fixed manufacturing overhead $294,000 Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong Requirements 1 Prepare a variance analysis of fixed manufacturing overhead cost. Use the exhibit that shows the variance analysis of fixed manufacturing overhead cost as a guide. For variances with a tero amount, leave the box empty, do not select a label or enter a zero Use the ABS function when calculating variances, and use the drop-down selections for For U when describing the variances. 2 is fixed overhead underallocated or overallocated? By what amount? Use the ABS function when calculating the underallocated or overallocated amount.) 0 INSTRUCTIONS ENTERANSWERS Type here to search