K The Sourdough Bread Company bakes baguettes for distribution to upscale grocery stores. The company has two direct-cost categories: direct materials and direct manufacturing labour. Variable manufacturing overhead is allocated to products on the basis of standard direct manufacturing labour-hours. Following is some budget data for the Sourdough Bread Company: (Click the icon to view the budget data.) The Sourdough Bread Company provides the following additional data for the year ended December 31, 2017: (Click the icon to view the additional data.) Required C Requirement 1. What is the denominator level used for allocating variable manufacturing overhead? (That is, for how many direct manufacturing labour-hours is Sourdough Bread budgeting?) The denominator level is hours. Budget data Additional data Direct manufacturing labour use 0.02 hours per baguette Planned (budgeted) output Actual production 3,100,000 baguettes 2,600,000 baguettes Variable manufacturing overhead $ 10.00 per direct manufacturing labour-hour Direct manufacturing labour Actual variable manufacturing overhead 46,800 hours $617,760 Print Done - X Required ext pages Get more help - o 1. What is the denominator level used for allocating variable manufacturing overhead? (That is, for how many direct manufacturing labour-hours is Sourdough 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 Clear all 19C Sunny Check answer (4) ENG 8:11 PM 2022-08-08