E8-24 (book/static) Question Help 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 2017 and additional infomation for the year ended Decmeber 31, 2017 - X Data Table Read 3 100,000 baguetes Planned (budgeted) output Requirement 1. Prepare a variance analysis of foxed manufacturing overhead cost 2.600,000 baguettes Actual production Begin by completing the table below for the fixed manufacturing overhead that will be used to calculate the variances Budgeted direct manufacturing labor 62.000 hours Same Budgeted Actual direct manufacturing labor 46 800 hours Lump Sum Actual foxed manufacturing overhead $294,000 Regardless of Allocated Actual Costs Flexible Overhead Incurred Output Level) Budget Print Done 186,000 S 156 000 Fixed MOH 294,000 S 186,000 S Direct manufacturing labor use 0.02 hours per baguette Now complete the 4-variance analysis using the amounts you calculated above (If no variance exists leave the dollar value blank Fixed manufacturing overhead $3.00 per direct manufacturing 4 Variance Spending Efficiency Production Volume labor-hour Analysis Variance Variance Variance 30.000 U Fixed MOH 108,000 U Print Done Requirement 2. Is fixed overhead underallocated or overallocated? By what amount? Fixed manufacturing overhead is by S