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. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong.) a. Use the ABS function when calculating variances, and use the drop-down selections for F (favorable) or U (unfavorable) when describing the variances.

A AB 1 Flexible Budgets, Overhead Cost Variances, and Management Control 2 Variable Manufacturing Overhead Variance Analysis 3 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: Direct manufacturing labor use 0.02 hours per baguette Variable manufacturing overhead $10.00 per direct manufacturing labor-hour The Sourdough Bread Company provides the following additional data for the year ended December 31 , 2020: \begin{tabular}{|l|r|} \hline Planned (budgeted) output & 3,100,000 baguettes \\ \hline Actual production & 2,600,000 baguettes \\ \hline Direct manufacturing labor & 46,800 hours \\ \hline Actual variable manufacturing overhead & $617,760 \\ \hline \end{tabular} Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the 17 Instructions tab you will be marked wrong. 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?) (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong.) hours 2. Prepare a variance analysis of variable manufacturing overhead. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong. Use cell references 7 from prior calculations, if applicable.) 8 Spending variance Efficiency variance Flexible-budget variance \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} A AB 1 Flexible Budgets, Overhead Cost Variances, and Management Control 2 Variable Manufacturing Overhead Variance Analysis 3 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: Direct manufacturing labor use 0.02 hours per baguette Variable manufacturing overhead $10.00 per direct manufacturing labor-hour The Sourdough Bread Company provides the following additional data for the year ended December 31 , 2020: \begin{tabular}{|l|r|} \hline Planned (budgeted) output & 3,100,000 baguettes \\ \hline Actual production & 2,600,000 baguettes \\ \hline Direct manufacturing labor & 46,800 hours \\ \hline Actual variable manufacturing overhead & $617,760 \\ \hline \end{tabular} Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the 17 Instructions tab you will be marked wrong. 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?) (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong.) hours 2. Prepare a variance analysis of variable manufacturing overhead. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong. Use cell references 7 from prior calculations, if applicable.) 8 Spending variance Efficiency variance Flexible-budget variance \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular}