The Quick Bread Company bakes baguettes for distribution to upscale grocery stores. The

company has two direct$-$cost categories: direct materials and direct manufacturing labor. The

Quick Bread Company allocates fixed manufacturing overhead to products on the basis of

standard direct manufacturing labor$-$hours. For $2020,$ fixed manufacturing overhead was budgeted

at $$4\mathrm{.}00$ per direct manufacturing labor$-$hour. Actual fixed manufacturing overhead incurred during

the year was $$297,000.$

The following is some budget data for the Quick Bread Company for $2020$ and additional

infomation for the year ended Decmeber $31,2020$:

$($Click the icon to view the budget data.$)$

$($Click the icon to view the additional data.$)$

Read the requirements.

Requirement $1.$ Prepare a variance analysis of fixed manufacturing overhead cost.

Begin by completing the table below for the fixed manufacturing overhead that will be used to calculate the variances.