The Rye Bread Company bakes baguettes for distribution to upscale grocery stores. The company has two direct-cost categories: direct materials and direct manufacturing labor. Variable manufacturing overhead is allocated to products on the basis of standard direct manufacturing labor-hours. Following is some budget data for the Rye Bread Company: (Click the icon to view the budget data.) The Rye Bread Company provides the following additional data for the year ended December 31, 2017: (Click the icon to view the additional data.) Read the requirements. Data table Req The Direct manufacturing labor use Variable manufacturing overhead 0.02 hours per baguette $10.00 per direct manufacturing labor-hour Data table Print Done Help me solve this Etext pages Get more help how many direct manufacturing labor-hour Planned (budgeted) output Actual production 3,000,000 baguettes 2,500,000 baguettes 44,000 hours Direct manufacturing labor Actual variable manufacturing overhead $589,600 Print Done Requirements 1. What is the denominator level used for allocating variable manufacturing overhead? (That is, for how many direct manufacturing labor-hours is Rye Bread budgeting?) 2. Prepare a variance analysis of variable manufacturing overhead. 3. Discuss the variances you have calculated and give possible explanations for them. Print Done Clear all Check answer