Straightforward coverage of manufacturing overhead, standard cost system. The 1.Va riable MOH spending Singapore division of a Canadian telecommunications company uses a standard cost sysvariance,

$43,704F tem for its machine-based production of telephone equipment. Data regarding production during June are as follows:

REQUIRED 1. Prepare an analysis of all manufacturing overhead variances. Use the four-variance analysis framework illustrated in Exhibit 8-12, p. 387.
2. Prepare journal entries for manufacturing overhead without explanations.
3. Describe how individual variable manufacturing overhead items are controlled from day to day. Also, describe how individual fixed manufacturing overhead items are controlled.LO1

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Variable manufacturing overhead costs incurred Variable manufacturing overhead costs allocated (per standard machine-hour allowed for actual output achieved) Fixed manufacturing overhead costs incurred Fixed manufacturing overhead budgeted Denominator level in machine-hours $186,120 $ 14.40 $481,200 $468,000 15,600 Standard machine-hours allowed per unit of output 0.30 Units of output 49,200 Actual machine-hours used 15,960 Ending work-in-process inventory 0