The Lebanese Bakery Inc. allocates FMOH to products on the basis of standard direct manufacturing labour-hours. For 2018, FMOH was budgeted at $4.00 per direct manufacturing labour-hour. Actual fixed manufacturing overhead incurred during the year was $272,000. (Click icon to view additional data.) Required 1. Prepare a variance analysis of FMOH costs. 2. Is fixed overhead under- or overallocated? By how much? 3. Comment on your results. Discuss the various variances and explain what may be driving them. Begin by calculating the following amounts for the fixed manufacturing overhead. (Round interim calculations to seven decimal places. Round your final answers to the nearest whole dollar.) Actual Costs Incurred Same Budgeted Lump Sum Regardless of Output Level Flexible Budget: Same Budgeted Lump Sum Regardless of Output Level Allocated Overhead More info Baguettes are baked in batches of 100 loaves. Following are some pertinent data for Lebanese Bakery Inc.: Direct manufacturing labour use 2.00 DMLH per batch $4.00 per DMLH Fixed manufacturing overhead Lebanese Bakery Inc. recorded the following additional data for the year ended December 31, 2018: Planned (budgeted) output Actual production Direct manufacturing labour Actual fixed MOH 3,840,000 baguettes 3,360,000 baguettes 50,400 DMLH $272,000 Print Done - X