The Fancy Bread Company allocates fixed turing overhead to products on the basis of standard direct manufacturing labor-hours For 2017, flurd manufacturing overhead was budorted at 54 75 per divect Budgeted Output Actual Production 03 Hours 2,500,000 Fancy Breads 2,350000 Fancy Breads 1. Prepare a variance analysis of fixed manufacturing overhead cost. Clearly mark 2. Is fixed manufacturing overhead underallocated or overallocated? By what amount? 3. Comment on your results. Discuss the variances and explain what may be driving them each variance as overallocated 10) or underallocated (u) Rate