The following is some budget data for the Brown Bread Company for 2020 and additional infomation for the year ended Decmeber 31, 2020: The Brown Bread Company bakes baguettes for distribution to upscale grocery stores. The company has two direct cost categories: direct materials and direct manufacturing labor. The Brown Breed Company allocates fixed manufacturing overhead to products on the basis of standard direct manufacturing labor-hours. For 2020, fixed manufacturing overhead was budgeted at $3.00 per direct manufacturing labor-hout. Actual fixed manufacturing overhead incurred during the year was $297,000. - X Data table Requirements the var Planned (budgeted) output 3,800,000 baguettes Actual production 2.300.000 baguettes Direct manufacturing labor 40.800 hours Actual variable manufacturing overhead $544,040 1. Prepare a variance analysis of fixed manufacturing overhead cost. 2. Is fond overhead under located or overallocated? By what amount? 1. Comment on your results Discuss the variances and explain what may be driving them X Data table Direct manufacturing labore 0.02 hours per baguette Variable manufacturing overhead $10.00 per direct manufacturing labor how Print Done Print Done