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The Homemade Bread Inc. allocates FMOH to products on the basis of standard direct manufacturing labour-hours. For the year, FMOH was budgeted at $3.25 per direct manufacturing labour-hour (DMLH). Actual fixed manufacturing overhead (FMOH) incurred during the year was $322,600. (Click icon to view additional data.) Required 1. Prepare a variance analysis of FMOH costs. 2. Is fixed overhead under- or overallocated? By how much? 3. Comment on your results. Discuss the various variances, and explain what may be driving them. Begin by calculating the following amounts for the fixed manufacturing overhead. (Round interim calculations to seven Drimal nlaces. Round your final answers to the nearest whole dollar.) The Homemade Bread Inc. allocates FMOH to products on the basis of standard direct manufacturing labour-hours. For the year, FMOH was budgeted at $3.25 per direct manufacturing labour-hour (DMLH). Actual fixed manufacturing overhead (FMOH) incurred during the year was $322,600. (Click icon to view additional data.) Required 1. Prepare a variance analysis of FMOH costs. 2. Is fixed overhead under- or overallocated? By how much? 3. Comment on your results. Discuss the various variances, and explain what may be driving them. Begin by calculating the following amounts for the fixed manufacturing overhead. (Round interim calculations to seven decimal places. Round your final answers to the nearest whole dollar.) Baguettes are baked in batches of 75 loaves. Following are some pertinent data for Homemade Bread Inc.: Homemade Bread Inc. recorded the following additional data for the year ended December 31