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: E (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. Requirement 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?) The denominator level is hours. i Requirements - X X i Data Table 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. 0.02 hours per baguette Direct manufacturing labor use Variable manufacturing overhead $10.00 per direct manufacturing labor-hour Print Done Print Done i - X Data Table 3,300,000 baguettes 2,700,000 baguettes Planned (budgeted) output Actual production Direct manufacturing labor Actual variable manufacturing overhead 48,600 hours Enter any number in the edit fields and then click Check Answer $651,240 parts 5 remaining Check Answer Print Done