requires 3- prepare a variance analysis of fixed manufactoring overhead cost

4- is fixed cost overhead under-allocated or over-allocated ?by what amount?

5- comment your resaults. Discuss the variances and explain what may be driving them

the best of italy pizza restarunt make pizza for in house and on-line customers. the company have two direct costs categories direct manufactoring labor variable manufactoring overhead is allocated to product on the basis of standard direct manufactoring labor hours following is some budget data

Company as WU GULUSU LILULUS U G U N Variable manufacturing overhead is allocated to products on the basis of standard direct manufacturing labor-hours. Following is some budget data for the Best of Italy Pizza: Direct manufacturing labor use Variable manufacturing overhead 0.42 hours per pizza $4.00 per direct manufacturing labor-hour The Best of Italy Pizza Company provides the following additional data for the year ended December 31, 2019: Planned (budgeted) output 54,000 pizza Actual production 43,200 pizza Direct manufacturing labor 14,429 hours Actual variable manufacturing overhead $86,000 The Best of Italy Company also allocates fixed manufacturing overhead to products on the basis of standard direct manufacturing labor-hours. For 2019, fixed manufacturing overhead was budgeted at $3.00 per direct manufacturing labor-hour. Actual fixed manufacturing overhead incurred during the year was $73.000. Required: 1. Prepare a variance analysis of variable manufacturing overhead. 2. Discuss the variances you have calculated and give possible explanations for them ATES) Company as WU GULUSU LILULUS U G U N Variable manufacturing overhead is allocated to products on the basis of standard direct manufacturing labor-hours. Following is some budget data for the Best of Italy Pizza: Direct manufacturing labor use Variable manufacturing overhead 0.42 hours per pizza $4.00 per direct manufacturing labor-hour The Best of Italy Pizza Company provides the following additional data for the year ended December 31, 2019: Planned (budgeted) output 54,000 pizza Actual production 43,200 pizza Direct manufacturing labor 14,429 hours Actual variable manufacturing overhead $86,000 The Best of Italy Company also allocates fixed manufacturing overhead to products on the basis of standard direct manufacturing labor-hours. For 2019, fixed manufacturing overhead was budgeted at $3.00 per direct manufacturing labor-hour. Actual fixed manufacturing overhead incurred during the year was $73.000. Required: 1. Prepare a variance analysis of variable manufacturing overhead. 2. Discuss the variances you have calculated and give possible explanations for them ATES)