Cookery Whiz manufactures premium food processors. The following are some manufacturing overhead data for Cookery Whiz for the year ended December 31, 2017: (Click the icon to view the data.) Read the requirements. Re i - X i X Requirements Data Table Be Va Actual Results Flexible Budget Static Budget Allocated Amount 1. Prepare journal entries for variable and fixed manufacturing overhead (you will need to calculate the various variances to accomplish this). 2. Overhead variances are written off to the Cost of Goods Sold (COGS) account at the end of the fiscal year. Show how COGS is adjusted through journal entries. Output units 644 590 Machine-hours 966 1,932 1,770 Machine-hours per output unit 1.50 3.00 Variable MOH costs $ 44,436 $ 83,076 $ 76,110 $ 83,076 Print Done $ 43.00 Variable MOH costs per machine-hour Fixed MOH costs Fixed MOH costs per machine-hour $ 350,220 $ 346,920 $ 376,370 $ 196.00 Print Done