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i Rouse manufactures coffee mugs that it sells to other companies for customizing with their own logos. Rouse prepares flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffee mug is based on static budget volume of 69,700 coffee mugs per month: Formula Variance VOH cost variance VOH efficiency variance Now compute the fixed overhead cost and volume variances. Select the required formulas, compute the fix actual quantity; FOH = fixed overhead; SC = standard cost; SQ = standard quantity ) Data table Actual cost and production information for July 2024 follows: O (Click the icon to view actual cost and production information.) tha (U). (Abbreviations used: AC = actual cost; AQ = Formula Variance FOH cost variance FOH volume variance Requirement 4. Journalize the actual manufacturing overhead and the allocated manufacturing overhead. then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing the entry to show the actual manufacturing overhead costs incurred. Direct Materials (0.2 lbs @ SO.26 per lb) Direct Labor (3 minutes @ $0.12 per minute) Manufacturing Overhead: Variable (3 minutes @ $0.04 per minute) Fixed (3 minutes @ SC 15 per minute) Total Cost per Coffee Mug More info s 0.12 0.45 s 0.05 0.36 0.57 098 f the Manufacturing Overhead account (Record debits fil Accounts and Explanation Manufacturing Overhead Manufacturing overhead costs incurred Journalize the applied manufacturing overhead. Debit Debit Credit Credit a. b. c. d. e. Date There were no beginning or ending inventory balances. All expenditures were on account Actual production and sales were 62,400 coffee mugs. Actual direct materials usage was 10,000 lbs. at an actual cost of SO 17 per lb. Actual direct labor usage was 203,000 minutes at a total cost of $28,420. Actual overhead cost was $5,075 variable and $35,725 fixed. Selling and administrative costs were S98,00ff Accounts and Explanation Jul. Manufacturino overhead costs allocated print Done