Please specify the calculation process

The Brown Bread Company bakes baguettes for distribution 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 Brown Bread Company: E: (Click the icon to view the budget data.) The Brown Bread Company provides the following additional data for the year ended December 31, 2017: (Click the icon to view the additional data.) Requirements Requirement 1. What is the denominator level used for allocating variable manufacturing overhead? (That is, for how many direct 1. What is the denominator level used for allocating variable manufacturing overhead? (That is, for how many direct manufacturing labor-hours is Brown Bread budgeting?) 2. Prepare a variance analysis of variable manufacturing overhead. 3. Discuss the variances you have calculated and give possible explanations for them. The denominator level is 76,000 hours Requirement 2. Prepare a variance analysis of variable manufacturing overhead. Begin by calculating the following amounts for the variable overhead that will be used to calculate the variances. Actual Input Print Done Actual Costs X Flexible Allocated Incurred Budgeted Rate Budget Overhead Variable MOH 653300 Data table Data table 3,800,000 baguettes 0.02 hours per baguette 2,400,000 baguettes Direct manufacturing labor use Variable manufacturing overhead Planned (budgeted) output Actual production Direct manufacturing labor Actual variable manufacturing overhead $10.00 per direct manufacturing labor-hour 43,000 hours $563,300