Straightforward coverage of manufacturing overhead, standard cost system. The Singapore division of a Canadian telecommunications company uses a standard cost system for its machine-based production oftelephone equipment. Data regarding production during June are as follows:

Variable manufacturing overhead costs incurred $186,120 Variable manufacturing overhead costs allocated (per standard machine-hour allowed for actual output achieved) $ 14.40 Fixed manufacturing overhead costs incurred $481,200 Fixed manufacturing overhead budgeted $468,000 Denominator level in machine-hours 15,600 Standard machine-hours allowed per unit of output 0.30 Units of output 49,200 Actual machine-hours used 15,960 314 CHAPTER 8 Ending work-in-process inventory 0 Required 1. Prepare an analysis of all manufacturing overhead variances. Use the four-variance analysis framework illustrated in Exhibit 8-3, p. 295.
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.