Gizmo Whiz manufactures premium food processors. The following are some manufacturing overhead data for Gizmo Whiz for the year ended December 31, 2017: (Click the icon to view the data) Read the requirements Requirement 1. Prepare journal entries for variable and fixed manufacturing overhead (you will nee Begin by calculating the following amounts for the variable overhead that will be used to calculate t Actual Input x Budgeted Rate 69320 Allocated Overhead Actual Costs Incurred Fixed MOH Variable MOH Now complete the table below for the fixed manufacturing overhead that will be used to calculate th Same Budgeted Lump Sum Regardless of Output Level 343926 72786 Actual Costs Incurred Flexible Budget 77040 350235 Flexible Budget 343926 77040 4-Variance Analysis Spending Variance Efficiency Variance Variable MOH Fixed MOH Allocated Overhead 376360 Now complete the 4-variance analysis using the amounts you calculated above (If no variance exis Production-Volume Variance Data table Output units Machine-hours Machine-hours per output unit Variable MOH costs Variable MOH costs per machine-hour Fixed MOH costs Fixed MOH costs per machine-hour Print Prepare journal entries for variable and fixed manufacturing overhead (Record debits first, then credits Exclude explanations from any journal entries) Actual Flexible Results Budget 963 1,733 1.80 $ 72,786 $ 77,040 $ $ 1,926 $ 350,235 $ 343,926 Done Static Allocated Budget Amount 891 1,782 2.00 71,280 $ 77,040 40.00 $ 193.00 $ 376,360 1 X

Reabl the soguzements Data table Requietment 1. Pregare poumal enthes fir varable and fiend manutacharng ovemeod (you will ne