Homework: Chapter 8 Score: 0 of 1 pt E8-23 (similar to) 3 of 4 (0 complate) HW Score: 0%,C Question He The French Bread Company bakes baguettes for distribution to upscale grocery stores. The company has two direct-cost categories: direct The French Bread Company provides the following additional data for the year ended December 31, 2017: materials and direct manufacturing labor. Variable manufacturing overhead is allocated to products on the basis of standard direct (Click the icon to view the additional data manufacturing listar hours. Following is same budget data for the French Bread Campany: (Click the icon to view the budget data) Read the requirements. i Data Table Requirement 1. What is the denominator level used for allocating variable manufacturing overhead? (That is, fair how many direct manufacturing labor hours is French Bread budgeting?) The denominator level is hours. Planned (budgeted) output Actual production Direct manufacturing labor Actual variable manufacturing overhead 3.800,000 baguettes 3,100,000 baguetles 56,600 hours Data Table S730, 140 0 Requirements Print Done Direct manufacturing labor use Variable manufacturing overhead 0.02 hours per baguette $10.00 per direct manufacturing labor hour Print Done 1. What is the denominator level used for allocating variable manufacturing overhead? That is, for how many direct manufacturing latxar-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. Print Done