Problem 8-33 (book/static) Question Help The Sourdough Bread Company bakes baguettes for distribution to upscale grocery stores. The company has two direct-cost categories: direct materials and direct manufacturing labour. The Sourdough Bread Company allocates fixed manufacturing overhead to products on the basis of standard direct manufacturing labour-hours. The following is some budget data for the Sourdough Bread Company for 2017 and additional information for the year ended December 31, 2017: (Click the icon to view the budget data.) (Click the icon to view the additional data.) Required Re Required X Bed culate the variances. 1. Prepare a variance analysis of fixed manufacturing overhead cost. 2. Is fixed overhead underallocated or overallocated? By what amount? 3. Comment on your results. Discuss the variances and explain what may be driving them. Fix Print Done Enter any number in the edit fields and then click Check