Homework: CH HW Save Score: 0 of 4 pts 2 of 5 (1 complete) HW Score: 18.89%, 378 of 20 pts E8-27 (similar to) Question Help The Martinez Company uses standard costing in its manufacturing plant for auto parts. The standard cost of a particular auto part, based on a denominator level of 3.700 output units per year included 7 machine-hours of yariable manufacturing overhead at $7 per hour and 7 machine-hours of fixed manufacturing overhead at S13 per hour Actual output produced was 4.100 units. Variable manufacturing overhead incurred was $245,000. Fixed manufacturing overhead incurred was $370,000 Actual machine-hours were 32,000 Read the name Requirement 1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances, using the 4-variance analysis. Begin by calculating the following amounts for the variable overhead Actual Input Actual Costs Incurred Budgeted Rate Budget Overhead Variable OH Flexible Allocated Exp Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances, using the 4-variance ana following amounts for the variable overhead Actual Input Actual Costs Flexible Allocated Incurred Budinoted Rate Budget Overhead Requirements 1. Prepare an analysis of all variable manufacturing overhead and feed manufacturing overhead variances, using the 4-variance analysis 2. Prepare journal entries using the variance analysis 3: Describe bow individual tod manufacturing overhead homs are controlled 4. Disponible cate of the machuting overhead variances Dant Done 12 Che Am