W E8-23 (book/static) The Sourdough 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 Sourdough Bread Company: E: (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 di The denominator level is 62,000 hours. * Data Requirement 2. Prepare a variance analysis of variable manufacturing overhead. Begin by calculating the following amounts for the variable overhead that will be used to calculate the variances Direct ma Actual Input Variable Actual Costs Flexible Allocated Incurred Budgeted Rate Budget Overhead Variable MOH $ 617,760 $ 468,000 $ 520,000 $ 520,000 Now complete the 4-variance analysis using the amounts you calculated above. (If no variance exists leave the dollar value blank. L 4-Variance Spending Efficiency Production-Volume Analysis Variance Data Table Variance Variance Variable MOH i Dar Planned (budgeted) outpu Actual production Direct manufacturing labor Actual variable manufaa Choose from any list or enter any number in the input fields and then click Check Answer Question Help company has two erhead is allocated to ata for the Sourdough The Sourdough 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 head? (That is, for how many direct manufacturing labor-hours is Sourdough Bread budgeting?) 0 Data Table late the variances Direct manufacturing labor use Variable manufacturing overhead 0.02 hours per baguette 10.00 per direct manufacturing labor-hour $ Print Done 000 nce exists leave the dollar value blank Label the variance as favorablet, unfavorable (U) or never a variance in --Volume nce 1 Data Table Planned (budgeted) output Actual production Direct manufacturing labor Actual variable manufacturing overhead 3,100,000 baguettes 2,600,000 baguettes 46,800 hours $617,760 Answer. Check Answer Print Done s. The company has two uring overhead is allocated to dget data for the Sourdough The Sourdough Bread Company provides the following additional data for the year ended Dece (Click the icon to view the additional data.) Read the requirements. ng overhead? (That is, for how many direct manufacturing labor-hours is Sourdough Bread budgeting?) i Requirements to calculate the variances. 1. What is the denominator level used for allocating variable manufacturing overhead? (That is, for how many direct manufacturing labor-hours is Sourdough Bread budgeting?) 2. Prepare a variance analysis of variable manufacturing overhead. 3. Discuss the variances you have calculated and give possible explanations for them. ocated erhead 520,000 no variance exists leave the da duction-Volume Variance Print Done