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(Click the icon to view the datal) Read the requitements. Requirement 1. Prepale jouinal entries for variable and fixed manifactuting overhead (you will noed to

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(Click the icon to view the datal) Read the requitements. Requirement 1. Prepale jouinal entries for variable and fixed manifactuting overhead (you will noed to caloulate the various variances to accomplish this). Feop to talcuiating the folowing ancunts for the variable overhead that wit be used to calculoto the various variances. food Whiz, manufactures premium food processors. The following nre some manufacturing overthead (MOH) data for Food Whiz for the year ended December 31 , 2020 . this (Click the loon to view the data.) Read the teguitertents Prepaie pournal entries for yariable and fixed manylacturing overheod. (Record detits fint, then credits. Exclude explanations from any journal enlies ) Record the actual variable maruloclyring oveithesd incurred. Record the variable manufacturing overhead variances for the period: Record the achual toxed overnead costs incurred. Record the fixed overhead costs allocated. Requirement 2. Overhead variences ase written oft to the Cost of Goods Sold (COGS) account at the end of the fiscal year, Show how COGS is adjusted thro (Record debits first, then credits. Exclude explanations from any journal entries.) Requirement 2. Oveheod yariances are wrmen olf to the Coat of Goods Sold (COGS) account at the end of the fiscal year, Show how COGS is ad uated though journaf entrias: Show

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