Question 3 [20 marks] BEFREE Lid manufactures a specific type of classroom whiteboard, DY, and allocates manufacturing overhead costs (both variable and fixed) using direct manufacturing labour hours For the fiscal year 2010, the company budgeted to produce 30,000 units of DY and to use 36,000 direct manufacturing labour hours (this is 1.20 hours per unit of DY). Budgeted variable manufacturing overhead was $15 per direct labour hour, and budgeted total fixed manufacturing overhead was $1,080.000 Actual results for the year 2018 were: Production of DY (unite) 32,400 Fixed manufacturing $1 221,480 overhead Variable manufacturing $648.643 overhead Manufacturing labour hours 42,120 Required: 1. Compute (a) fixed manufacturing over or under-allocated overhead, (b) fixed manufacturing overhead rate variance, and (c) production volume variance (16 marks] 2. Comment on the variances calculated in 1) [+ marks]