E8-24 (similar to) Question Help The Rye 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. E: (Click the icon to view the budget data for 2017.) F: (Click the icon to view the additional data for 2017.) Lavadboadabudastad ufacturing labor-hour. The Rye Bread Company also allocates fixed manufacturing overhead to products on the basis of standard direct manufacturing labgebou For 2017 Livad som Actual fixed manufacturing overhead incurred during the year was $298,000. i Requirements Read the requirements. Requirement 1. Prepare a variance analysis of fixed manufacturing overhead cost. Begin by completing the table below for the fixed manufacturing overhead that will be used to calculate the variances. 1. Prepare a variance analysis of fixed manufacturing overhead cost. 2. Is fixed overhead underallocated or overallocated? By what amount? 3. Comment on your results. Discuss the variances and explain what may be Same Budgeted driving them. Actual Costs Lump Sum Regardless of Output Level Flexible Allocated Print Done Incurred Budget Overhead Fixed MOH Data Table Data Table Direct manufacturing labor use Variable manufacturing overhead 0.02 hours per baguette $10.00 per direct manufacturing labor-hour Planned (budgeted) output 3,800,000 baguettes Actual production 2,400,000 baguettes Direct manufacturing labor 42,500 hours Actual variable manufacturing overhead $578,000 Print Done Print Done Done Ent E8-24 (similar to) Question Help The Rye 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. E: (Click the icon to view the budget data for 2017.) F: (Click the icon to view the additional data for 2017.) Lavadboadabudastad ufacturing labor-hour. The Rye Bread Company also allocates fixed manufacturing overhead to products on the basis of standard direct manufacturing labgebou For 2017 Livad som Actual fixed manufacturing overhead incurred during the year was $298,000. i Requirements Read the requirements. Requirement 1. Prepare a variance analysis of fixed manufacturing overhead cost. Begin by completing the table below for the fixed manufacturing overhead that will be used to calculate the variances. 1. Prepare a variance analysis of fixed manufacturing overhead cost. 2. Is fixed overhead underallocated or overallocated? By what amount? 3. Comment on your results. Discuss the variances and explain what may be Same Budgeted driving them. Actual Costs Lump Sum Regardless of Output Level Flexible Allocated Print Done Incurred Budget Overhead Fixed MOH Data Table Data Table Direct manufacturing labor use Variable manufacturing overhead 0.02 hours per baguette $10.00 per direct manufacturing labor-hour Planned (budgeted) output 3,800,000 baguettes Actual production 2,400,000 baguettes Direct manufacturing labor 42,500 hours Actual variable manufacturing overhead $578,000 Print Done Print Done Done Ent