PLEASE ANSWER ALL THE REQUIREMENTS WITH EXPLANATION FOR THUMBS UP! THANK YOU!

The Quick Bread Company bakes baguettes for distribution to upscale grocery stores. The company The Quick Bread Company provides the following additional data for the year ended has two direct-cost categories: direct materials and direct manufacturing labor. Variable manufacturing December 31, 2020: overhead is allocated to products on the basis of standard direct manufacturing labor-hours. Following (Click the icon to view the additional data.) is some budget data for the Quick Bread Company: (Click the icon to view the budget data.) Read the Requirement 1. What is the denominator level used for allocating variable manufacturing overhead? (That is, for how many direct manufacturing labor-hours is Quick Bread budgeting?) The denominator level is hours. Data table Data table Requirements 1. What is the denominator level used for allocating variable manufacturing overhead? (That is, for how many direct manufacturing labor-hours is Quick Bread budgeting?) 2. Prepare a variance analysis of variable manufacturing overhead. 3. Discuss the variances you have calculated and give possible explanations for them