was budgeted at $4.00 per direct manufacturing labor-hour. Actual fixed manufacturing overhead incurred during the year was $288,000. Requirement 1. Prepare a variance analysis of fixed manufacturing overhead cost. Begin by completing the table below for the fixed manufacturing overhead that will be used to calculate the variances. Requirement 2. Is fixed overhead underallocated or overallocated? By what amount? Fixed manufacturing overhead is [(4, by ]. Requirement 3. Comment on your results. Discuss the variances and explain what may be driving them. The production-volume variance captures the difference between (5) Whole Bread Company's spending variance means that the actual aggregate of fixed costs (6) the budget amount. For example, monthly leasing rates for baguette-making machines may have (7) _ those in the 1: Data Table 2: Data Table 3: Requirements 1. Prepare a variance analysis of fixed manufacturing overhead cost. 2. Is fixed overhead underallocated or overallocated? By what amount? 3. Comment on your results. Discuss the variances and explain what may be driving them. The following is some budget data for the Whole Bread Company for 2020 and additional infomation for the year ended Decmeber 31,2020 : 1 (Click the icon to view the budget data.) 2 (Click the icon to view the additional data. Read the requirements 3