The Rye Bread Company bakes baguettes for distribusion to upscale grocery stores. The The Rye Bread Company provides the following additonal data for the year ended compary has two direct-cost categories: direct materials and direct manufacturing labor. Variable manufacturing overhead is allocated to products on the bosis of standard direct manulacturing laborthours. Following is some budget data for the Rye Bread Company: December 31, 2020: (Click the icon to view the budgot data) (Click the icon to view the additional data.) Read the reouirements. Requirement 1. What is the denominator level used for alocating variable manutacturing overtead? (That is, for how many direct manufacturing labor-hours is Rye Bread budgeting?) The denominator level is Requirement 2. Prepare a variance anatyvis of variable manufacturng overhead. Begin by calculoting the foliowing amounts foe the variable overthead that wal be used to calcuiate the variances. The Rye Bread Company bakes bagueties for distrbution to upscale grocery stores. The The Rye Bread Campany provides the following addeional date for the year ended compary has two direct-ost categories: direct materials and direct manutacturing labor. Variable December 31, 2020: manufacturing overhead is alocated to products on the basis of standacd dieect manulacturing Dif (Click the icon to view the additional data.) laber hours. Following is some budget date for the Rye Bread Company: Read the requirements. Data table Direct manufacturing labor use 0.02 hours per boguette. Variable manufacturing overhead $10.00 per direct manufacturing labor hour 5, tor how many divect manufacturng labor-hours is Rye Bread budgeting?) Data table Print Done