Please answer the last part.

The Whole Bread Company provides the following additional data for the year ended December 31, 2017: (Click the icon to view the additional data.) The Whole 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. Following is some budget data for the Whole Bread Company: (Click the icon to view the budget data.) Read the requirements. Data Table Begin by calculating the following amounts for the variable overhead that will be used to calculate the variances. Actual Input Actual Costs x Flexible Budget 600.000 $ Allocated Overhead 600,000 Direct manufacturing labor use Variable manufacturing overhead Incurred Budgeted Rate 760,330 $ 547,000 $ 0.02 hours per baguette $10.00 per direct manufacturing labor-hour Variable MOH $ Print Done Now complete the 4-variance analysis using the amounts you calculated above. (If no variance exists leave the de 4-Variance Spending Efficiency Production-Volume Analysis Variance Variance Variance Variable MOH 213,330 U v 53,000F N Requirement 3. Discuss the variances you have calculated and give possible explanations for them. Data Table The spending variance is unfavorable because variable manufacturing overhead was 39 % higher than planned. A possible explanation could be a(n) increase in energy rates relative to the rate per standard labor-hour assumed in the flexible budget. Planned (budgeted) output Actual production Direct manufacturing labor Actual variable manufacturing overhead 3,800,000 baguettes 3,000,000 baguettes 54,700 hours $760,330 The efficiency variance is favorable because the actual number of direct manufacturing labor-hours required was lower than the num the baguettes than management had anticipated in the budget. This could occur because of improved morale in the company, which cod scheme. IS favorable because the efficiency variance was large enough to The flexible-budget variance of compensate for the spending variance. ( Print Print Done