The White Bread Company bakes baguettes for distribution The White Bread Company provides the following to upscale grocery stores. The company has additional data for the year ended December 31 , two direct-cost categories: direct materials and direct 2020 manufacturing labor. Variable manufacturing overhead is Click the icon to view the additional data.) allocated to products on the basis of standard direct manufacturing labor-hours. Following is some budget data Read the requirements. for the White Bread Company: (Click the icon to view the budget data.) Requirement 1. What is the denominator level used for allocating variable manufacturing overhead? (That is, for how many direct manufacturing labor-hours is White Bread budgeting?) The denominator level is hours. Data table Requirements 1. What is the denominator level used for allocating variable manufacturing overhead? (That is, for how many direct manufacturing labor-hours is White Bread budgeting?) 2. Prepare a variance analysis of variable manufacturing overhead. 3. Discuss the variances you have calculated and give possible explanations for them