ITY Kabany Bakery allocates fixed manufacturing costs to products on the basis of standard direct manufacturing labor hours. For 2020, fixed manufacturing cost was budgeted at $4 per direct manufacturing labor hour. Actual fixed manufacturing overhead incurred during 2020 was $272,000. Planned budgeted output = 3,200,000 units Actual production = 2,800,000 units Direct manufacturing labor hours = 50,400 hours Direct manufacturing labor use = 0.02 hour per unit Required: (A) Prepare a variance analysis of fixed manufacturing overhead cost Spending variance Flexible budget variance Production volume variance (B) Discuss the resultant variances. BI T % ? C