Drop down options:

the actual overhead costs incurred and the actual output / the budgeted labor hrs and the actual labor hrs used / the # of budgeted baguettes and the actual number of baguettes produced

exceeds / is lower than

decreased below / increased above

The French Bread Company bakes baguettes for distribution to upscale grocery stores. The company has two direct-cost categories: direct materials and direct manufacturing labor. The French Bread Company allocates fixed manufacturing overhead to products on the basis of standard direct manufacturing labor-hours. For 2020, fixed manufacturing overhead was budgeted at $3.00 per direct manufacturing labor-hour. Actual fixed manufacturing overhead incurred during the year was $298,000. The following is some budget data for the French Bread Company for 2020 and additional infomation for the year ended Decmeber 31, 202! (Click the icon to view the budget data.) (Click the icon to view the additional data.) Read the Requirement 1. Prepare a variance analysis of foxed manufacturing overhead cost. Begin by complating the table below for the fixed manufacturing overhead that will be used to calculate the variances. Requirement 2. Is fixed overhead underallocated or overallocated? By what amount? Fixed manufacturing overhead is by Requirement 3 . Comment on your results. Discuss the variances and explain what may be driving them. The production-volume variance captures the difference between [ French Bread Company's spending variance means that the actual aggregate of fixed costs the budget amount. For example, monthly leasing rates for baguette-making machines may have those in the budget. Data table