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The Quick Bread Company bakes baguettes for distribution to upscale grocery stores. The company...

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Accounting

The Quick Bread Company bakes baguettes for distribution to upscale grocery stores. The
company has two direct-cost categories: direct materials and direct manufacturing labor. The
Quick 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 $4.00 per direct manufacturing labor-hour. Actual fixed manufacturing overhead incurred during
the year was $297,000.
The following is some budget data for the Quick 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.
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