The Brown Blead Cocnpary bekes bagueltes foc dstrbution to upscale grocery stores. The company has two diecticost categories: direct materials and direct manufacturing labar. The Brown Bread Company alocates fored manufacturng overhead ts products on the basis of standard drect manutacturing laboe-hours. For 2020, fixed manutacturing overthead was budgeted at $4.00 per direct manufacturing labor-hour. Actial fixed manulacturing overhead incurred during the year was $289,000 The following is some budget data for the Brown Bread Company for 2020 and additional infomation for the yoar onded Decmeber 31,2020 (Click the icon to view the budget dola) Ifil (Click the icon to vinw the additional data). Read the seavirements. Requirement 1. Prepare a variance analysis of fxed manufachiring everhead coet. Begin by complebing the lable below for the fixed manstacturng overtead that wil be used to calculate she varianses. Same Eudpeted Lump Sum Actual Costs Regardiess of Flexible Allocated incurred Output Level Budget Overtiead Flaed MOH year was $289,000. Read the requirements tquirement 1. Prepa: ogin by completing the Foed MOH Data table Direct manufacturing labor use Variable manufacturing overhead $10.00 per drect manufacturing labor hour ect manufacturing labor-hours. For 2020 , fixed manufacturing overhead was budgeted direct manufacturing labor-hour. Actual fixed manufacturing overhead incurred during $289,000. Data table Planned (budgeted) output Actual production Direct manufacturing labor 3,200,000 baguettes 2,400,000 baguettes 42,400 hours Actual variable manufacturing overhead $589,360 Requirements 1. Prepare a variance analysis of fixed manufacturing overhead cost. 2. Is fixed overhead underallocated or overallocated? By what amount? 3. Comment on your results. Discuss the variances and explain what may be driving them