8-28 Straightforward coverage of manufacturing overhead, standard-costing system. The Singapore division of a Canadian telecommunications company uses standard costing for its machine-paced production of telephone equipment. Data regarding production during June are as follows: Required: 1. Prepare an analysis of all manufacturing overhead variances. Variable Overhead Variance \& Fixed Overhead Variances Use the 4-variance analysis framework illustrated in Exhibit 8-4 (page 324). 2. Prepare journal entries for manufacturing overhead costs and their variances. 3. Discuss possible causes of the variable manufacturing overhead variances