The White Bread Company provides the following additional data for the year ended December 31, 2017: (Click the icon to view the additional data.) The White Bread Company bakes baguettes for distribution to 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 White Bread Company: E: (Click the icon to view the budget data.) Read the requirements. Requirement 1. What is the denominator level used for allocating variable manufacturing overhead? (That is, for how many direct manufacturing labor-hours is White Bread budgeting?) The denominator level is hours. - Data table Data table 0.02 hours per baguette Direct manufacturing labor use Variable manufacturing overhead 2,900,000 baguettes 2,900,000 baguettes $10.00 per direct manufacturing labor-hour Planned (budgeted) output Actual production Direct manufacturing labor Actual variable manufacturing overhead 53,000 hours $736,700 Print Done Print Done 1 Requirements 1. What is the denominator level used for allocating variable manufacturing overhead? (That is, for how many direct manufacturing labor-hours is White Bread budgeting?) 2. Prepare a variance analysis of variable manufacturing overhead. 3. Discuss the variances you have calculated and give possible explanations for them. Print Done