The Roti Breed Company bakes baguettes for distribution to upscale grocery stores. The company has two direct-cost categories: direct materials and direct manufacturing labor. The Roti 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 $3.00 per direct manufacturing labor-hour. Actual fixed manufacturing overhead incurred during the year was $298,000 The following is some budget data for the Roti Bread Company for 2020 and additional infomation for the year ended Decreber 31, 2020: B Click the icon to view the budget data.) (Click the icon to view the additional data.) Read the requirements Data table Data table Direct manufacturing labor use 0.02 hours per baguette Variable manufacturing overhead $10.00 per direct manufacturing labor-hour Planned (budgeted) output 3,800,000 baguettes Actual production 2,500,000 baguettes Direct manufacturing labor 44.700 hours Actual variable manufacturing overhead $598,980 Print OX Requirements Done 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. Print Done