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The Modern Mode inc. allocates FMOH to products on the bass of standard direct manufacturing labour-hours. For the year, FMOH was budgeted at 5425 per dired manulacturing labour-Hour (OMLH) Actual fixed manulacturing overtead (FMOH) incurred during the year was $321,000. (Click ioon to view additional data) Required 1. Prepace a variance analysis of FMOH costs. 2. Is fixed overtead under- or everallocated? By how much? 3. Comment on your resuls. Dscuss the various varances, and explain what may be driving them. Begin by calculating the following amounts for the foxed manufacturing overhead. (Round interm calculations to seven decimal places. Round your final answers to the nearest whole dolar.) Requirement 1. Prepare a variance anaysis of FMOH costs. Now, calculate the rate variance. Label the variance as favourable (F) or unfavouratile (U). Calculate the production-volume variance. Label the varance as favourable ( F ) or unfovourable (U). Requirement 2 is fixed overtead under- or overalocated? By how much? The fored manulacturng cvertead in by 5 Requiremeert 3. Comment on your rosuts. Dicons the various varances. and explah what may be driving them The production wolume varance caphres the dfference between the budomed bagueties and the actal production of baguetes the fixed cost capacty not used. The rase varance mears that the actual agregate of fixed cosh is Eran the tudget amount More info Baguettes are baked in batches of 100 loaves. Following are some pertinent data for Modern Mode Inc.: Modern Mode Inc. recorded the following additional data for the year ended December 31 : The Modern Mode inc. allocates FMOH to products on the bass of standard direct manufacturing labour-hours. For the year, FMOH was budgeted at 5425 per dired manulacturing labour-Hour (OMLH) Actual fixed manulacturing overtead (FMOH) incurred during the year was $321,000. (Click ioon to view additional data) Required 1. Prepace a variance analysis of FMOH costs. 2. Is fixed overtead under- or everallocated? By how much? 3. Comment on your resuls. Dscuss the various varances, and explain what may be driving them. Begin by calculating the following amounts for the foxed manufacturing overhead. (Round interm calculations to seven decimal places. Round your final answers to the nearest whole dolar.) Requirement 1. Prepare a variance anaysis of FMOH costs. Now, calculate the rate variance. Label the variance as favourable (F) or unfavouratile (U). Calculate the production-volume variance. Label the varance as favourable ( F ) or unfovourable (U). Requirement 2 is fixed overtead under- or overalocated? By how much? The fored manulacturng cvertead in by 5 Requiremeert 3. Comment on your rosuts. Dicons the various varances. and explah what may be driving them The production wolume varance caphres the dfference between the budomed bagueties and the actal production of baguetes the fixed cost capacty not used. The rase varance mears that the actual agregate of fixed cosh is Eran the tudget amount More info Baguettes are baked in batches of 100 loaves. Following are some pertinent data for Modern Mode Inc.: Modern Mode Inc. recorded the following additional data for the year ended December 31