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Question Help The Whole Bread Company bakes baguettes for distribution to upscale grocery stores. The company has two direct-cost categories: direct materials and direct manufacturing labor. The Whole Bread Company allocates fixed manufacturing overhead to products on the basis of standard direct manufacturing labor-hours. For 2020, fixed manufacturing overhead was budgeted at $3.00 per direct manufacturing labor-hour. Actual fixed manufacturing overhead incurred during the year was $284,000. The following is some budget data for the Whole Bread Company for 2020 and additional infomation for the year ended Decmeber 31, 2020: Click the icon to view the budget data.) (Click the icon to view the additional data.) Read the requirements. 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. Same Budgeted Lump Sum Regardless of Output Level Actual Costs Flexible Allocated Incurred Budget Overhead Fixed MOH Now complete the 4-variance analysis using the amounts you calculated above. (If no variance exists leave the dollar value blank. Label the variance as favorable (F), unfavorable (U) or never a variance (N).) 4-Variance Spending Efficiency Production-Volume i Data Table X 1 Direct manufacturing labor use 0.02 hours per baguette Variable manufacturing overhead $10.00 per direct manufacturing labor-hour i Data Table Planned (budgeted) output 3,800,000 baguettes Actual production 3,200,000 baguettes Direct manufacturing labor 58,100 hours Actual variable manufacturing overhead $790, 160 Now complete the 4-variance analysis using the amounts you calculated above. (If no variance exists leave the dollar value blank. Label the variance as favorable (F), unfavorable (U) or never a variance (N).) 4-Variance Efficiency Production-Volume Spending Variance Analysis Variance Variance Fixed MOH Requirement 2. Is fixed overhead underallocated or overallocated? By what amount? Fixed manufacturing overhead is by Requirement 3. Comment on your results. Discuss the variances and explain what may be driving them. Whole Bread Company's spending variance means that the actual aggregate of fixed costs the budget The production-volume variance captures the difference between amount. For example, monthly leasing rates for baguette-making machines may have V those in the budget. Choose from any list or enter any number in the input fields and then continue to the next question. Question Help The Whole Bread Company bakes baguettes for distribution to upscale grocery stores. The company has two direct-cost categories: direct materials and direct manufacturing labor. The Whole Bread Company allocates fixed manufacturing overhead to products on the basis of standard direct manufacturing labor-hours. For 2020, fixed manufacturing overhead was budgeted at $3.00 per direct manufacturing labor-hour. Actual fixed manufacturing overhead incurred during the year was $284,000. The following is some budget data for the Whole Bread Company for 2020 and additional infomation for the year ended Decmeber 31, 2020: Click the icon to view the budget data.) (Click the icon to view the additional data.) Read the requirements. 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. Same Budgeted Lump Sum Regardless of Output Level Actual Costs Flexible Allocated Incurred Budget Overhead Fixed MOH Now complete the 4-variance analysis using the amounts you calculated above. (If no variance exists leave the dollar value blank. Label the variance as favorable (F), unfavorable (U) or never a variance (N).) 4-Variance Spending Efficiency Production-Volume i Data Table X 1 Direct manufacturing labor use 0.02 hours per baguette Variable manufacturing overhead $10.00 per direct manufacturing labor-hour i Data Table Planned (budgeted) output 3,800,000 baguettes Actual production 3,200,000 baguettes Direct manufacturing labor 58,100 hours Actual variable manufacturing overhead $790, 160 Now complete the 4-variance analysis using the amounts you calculated above. (If no variance exists leave the dollar value blank. Label the variance as favorable (F), unfavorable (U) or never a variance (N).) 4-Variance Efficiency Production-Volume Spending Variance Analysis Variance Variance Fixed MOH Requirement 2. Is fixed overhead underallocated or overallocated? By what amount? Fixed manufacturing overhead is by Requirement 3. Comment on your results. Discuss the variances and explain what may be driving them. Whole Bread Company's spending variance means that the actual aggregate of fixed costs the budget The production-volume variance captures the difference between amount. For example, monthly leasing rates for baguette-making machines may have V those in the budget. Choose from any list or enter any number in the input fields and then continue to the next

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