E8-23 (similar to) Question Help 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. Variable manufacturing overhead is allocated to products on the basis of standard direct manufacturing labor-hours. Following is some budget data for the French Bread Company: (Click the icon to view the budget data.) The French Bread Company provides the following additional data for the year ended December 31, 2017: E: (Click the icon to view the additional data.) Read the requirements. Requirement 1. What is the denominator level used for allocating variable manufacturing overhead? (That is, for how many dire Data Table The denominator level is 74,000 hours. Requirement 2. Prepare a variance analysis of variable manufacturing overhead. Begin by calculatin Planned (budgeted) output Actual production Direct manufacturing labor Actual variable manufacturing overhead 3,700,000 baguettes 3,100,000 baguettes 57,000 hours Requirements $769,500 Variable MOH Print Done Da 1. What is the denominator level used for allocating variable manufacturing overhead? (That is, for how many direct manufacturing labor-hours is French Bread budgeting?) 2. Prepare a variance analysis of variable manufacturing overhead. 3. Discuss the variances you have calculated and give possible explanations for them 0.02 hours per baguette Direct manufacturing labor use Variable manufacturing overhead $10.00 per direct manufacturing labor-hour Print Done Print Done Enter any number in the edit fields and then click Check