I just need Required 2 part of the question that includes the four journal entries

Edney Company employs a standard cost system for product costing. The per-unit standard cost of its product is: Raw materials $ 14.00 Direct labor (2 direct labor hours * $8.00 per hour) 16.00 Manufacturing overhead (2 direct labor hours $14.60 per hour) 29.20 Total standard cont per unit $59.20 The manufacturing overhead rate is based on a normal capacity level of 600,000 direct labor hours. (Normal capacity is defined as the level of capacity needed to satisfy average customer demand over a period of two to four years. Operationally, this level of capacity would take into consideration sales trends and both seasonal and cyclical factors affecting demand.) The firm has the following annual manufacturing overhead budget Variable $ 4,680,000 Fixed 4.080.000 $ 3.760,000 Edney incurred $436,950 in direct labor cost for 55,300 direct labor hours to manufacture 26,000 units in November. Other costs incurred in November include $368,000 for fixed manufacturing overhead and $396,000 for variable manufacturing overhead. Required: 1. Determine each of the following for November (Note Indicate whether each variance is favorable (F) or unfavorable (U). a. The variable overhead spending variance b. The variable overhead efficiency variance. c. The fixed overhead spending (budget) variance. d. The fixed overhead production volume variance e. The total amount of under or overapplied manufacturing overhead (1.0., the total manufacturing overhead cost variance for the period). 2. Prepare the following four journal entries: (a) to record actual variable overhead costs. (b) to record actual fixed overhead costs. (c) to record standard overhead costs applied to production, and (d) to record all four overhead cost variances. The company uses a single account Factory Overhead, to record all overhead costs. Assume that the actual variable manufacturing overhead consists of utilities payable of $174,000, Indirect materials of $136,000 (all materials, direct and indirect, are recorded in a single account Materials Inventory), and $86.000 depreciation on factory equipment (determined under the units-of-production method). Assume that the fixed manufacturing overhead consists of accrued (le, unpaid) salaries of $78,000 and factory depreciation of $290,000. All unpaid salaries should be recorded in a single account, Accrued Payroll 3. Prepare the appropriate journal entry to close all manufacturing overhead variances to the cost of goods sold (COGS) account (Assume the cost variances you calculated above are for the year, not the month.) Required 1 Required 2 Required 3 Prepare the following four journal entries: (a) to record actual variable overhead costs, (b) to record actual fixed overhead costs, (c) to record standard overhead costs applied to production, and (d) to record all four overhead cost variances. The company uses a single account, Factory Overhead, to record all overhead costs. Assume that the actual variable manufacturing overhead consists of utilities payable of $174,000, indirect materials of $136,000 (all materials, direct and indirect, are recorded in a single account, Materials Inventory), and $86,000 depreciation on factory equipment (determined under the units-of-production method). Assume that the fixed manufacturing overhead consists of accrued (ie, unpaid) salaries of $78,000 and factory depreciation of $290,000. All unpaid salaries should be recorded in a single account, Accrued Payroll. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Show less View transaction list Journal entry worksheet Record the actual variable overhead costs for the period. Note Enter debits before credits Credit Transaction General Journal (0) Factory overhead Utilities payable Dobit 396,000 174,000 Prepare the following four journal entries: (a) to record actual variable overhead costs, (b) to record actual fixed overhead costs, (c) to record standard overhead costs applied to production, and (d) to record all four overhead cost variances. The company uses a single account, Factory Overhead, to record all overhead costs. Assume that the actual variable manufacturing overhead consists of utilities payable of $174,000, indirect materials of $136,000 (all materials, direct and indirect, are recorded in a single account, Materials Inventory), and $86,000 depreciation on factory equipment (determined under the units-of-production method). Assume that the fixed manufacturing overhead consists of accrued (.e, unpaid) salaries of $78,000 and factory depreciation of $290,000. All unpaid salaries should be recorded in a single account, Accrued Payroll. (if no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Show less View transaction list Journal entry worksheet 2 3 Record the actual fixed overhead costs for the period. Note Enter debits before credits Transaction Credit Debit 368,000 (6) General Journal Factory overhead Accumulated depreciation Factory Accrued payroll 290,000 78,000 Record entry Clear entry View general Journal Prepare the following four journal entries: (a) to record actual variable overhead costs, (b) to record actual fixed overhead costs, (c) to record standard overhead costs applied to production, and (d) to record all four overhead cost variances. The company uses a single account, Factory Overhead, to record all overhead costs. Assume that the actual variable manufacturing overhead consists of utilities payable of $174,000, Indirect materials of $136,000 (all materials, direct and indirect, are recorded in a single account, Materials Inventory), and $86,000 depreciation on factory equipment (determined under the units-of-production method). Assume that the fixed manufacturing overhead consists of accrued (l.e, unpaid) salaries of $78,000 and factory depreciation of $290,000. All unpaid salaries should be recorded in a single account, Accrued Payroll. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount.) Show less View transaction list Journal entry worksheet