E8-24 (similar to) Question Help The White Bread Company bakes baguettes for distribution to upscale grocery stores. The company has two direct-cost categories: direct materials and direct manufacturing labor. The White 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 White Bread Company for 2017 and additional infomation for the year ended Decmeber 31, 2017: PS: (Click the icon to view the budaet data) Data Table Data Table Planned (budgeted) output Actual production Budgeted direct manufacturing labor Actual direct manufacturing labor Actual fixed manufacturing overhead 2,800,000 baguettes 2,500,000 baguettes 56,000 hours 44,900 hours $280,000 Direct manufacturing labor use Fixed manufacturing overhead 0.02 hours per baguette $4.00 per direct manufacturing labor-hour Done Prili Requirements 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 driving them. Enter any number in the edit fields Print Done 3 parts Check Answer remaining