Budget 125 The Revolutions Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours. Budgeted assembly time is 2 hours per unit. The following table shows the budgeted amounts and actual results related to overhead for June 2020. (Click the icon to view the table.) Data Table Read the reculrements, Same Budgeted Lump Sum Actual Static Actual Costs Regardless of Flexible Allocated The Revolutions Corporation (June 2020) Results Budget Incurred Output Lovel Overhead Number of centrifuges assembled and sold 120 Fixed OH Hours of assembly time 225 Now complete the 4-variance analysis using the amounts you calculated above. (If no variance exists leave the dollar ve Variable manufacturing overhead cost per hour of assembly time S 32 4-Variance Spending Efficiency Production-Volume Variable manufacturing overhead costs S 7,650 Analysis Variance Variance Variance Fixed manufacturing overhead costs S 13,500 S 12.500 Variable OH Fixed OH Print Done Requirement 2. Prepare Journal entries for Revolutions June 2020 variable and fixed manufacturing overhead costs and dobits first, then credits. Exclude explanations from any Joumal entries.) Begin by recording the actual variable manufacturing overhead incurred. Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. ? Type here to search Bi 9:33 PM 5/2/2021 Record the variable manufacturing overhead allocated Journal Entry Date Accounts Debit Credit Record the variable manufacturing overhead variances for the period, Journal Entry Date Accounts Debit Credit Record the variable manufacturing overhead variance write-off. Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question. ? E Type here to search gi 9:33 PM 5/2/2021 Record the variable manufacturing overhead variance write-off Journal Entry Date Accounts Debit Credit Record the actual fixed overhead costs incurred, Journal Entry Date Accounts Debit Credit Record the fixed overhead costs allocated. Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question ? Windows Ink Workspace 9:34 PM 5/2/2021 Type here to search i Record the fixed overhead costs allocated. Journal Entry Accounts Date Debit Credit Record the fixed overhead variances for the period. Journal Entry Date Accounts Debit Credit Record the fixed manufacturing overhead variance write-off. Journal Entry Chaose from any list or enter any number in the input fields and then continue to the next question Type here to search 9:35 PM 5/2/2021 Record the fixed manufacturing overhead variance write-off. Journal Entry Date Accounts Debit Credit Requirement 3. How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fixed manufacturing overhead costs? Planning and control of manufacturing overhead costs has both a long-run and a short-run focus. The long-run focus involves Revolutions planning to and for the short-run focus to in the most efficient way. for a budgeted level of output. Revolutions makes Planning and control of manufacturing overhead costs have primarily a long-run focus. It involves of the key decisions that determine the level of overhead costs at the start of the accounting period. Choose from any list or enter any number in the input fields and then continue to the next question. 9:35 PM O Type here to search W 5/2/2021