Overtiead Aprificaban, Overherd Variances, Journal Entries overtiead far the coming vear is as follow: 1437, sed: Fequired: corepetatione riund What is the total fixed overthead variance? x What is the total variable overhead variance? 3. Break down the total fund ovethead variance into a spenoleng variance and a volume variance. Fipending Voriace Volume Variance 4. Compute the vacubili overtead spending and elficiency variances. Spending Varuance Eificency Vartance 5. Now assume that Plampter's cost accounting system teveals only the total actual overhead, in this case, a threet variance analysis can be performed. Using the relationiships between a three- and four-variance analysis, indicate the values for the three overtiead variances. Fentus Cosch Whis 6. Prepare journal entries (1) to apply overtiend to production, (2) to record the actual overtead costs incurred, (J) to record the variable and foxed overhead vanances, and (4) to dose the varance accounts at the end of the yeac, Assume vaisnces are closed to Cost of Goods Sold. If an amount box does not require an entry, leave it blank. Overtiead Aprificaban, Overherd Variances, Journal Entries overtiead far the coming vear is as follow: 1437, sed: Fequired: corepetatione riund What is the total fixed overthead variance? x What is the total variable overhead variance? 3. Break down the total fund ovethead variance into a spenoleng variance and a volume variance. Fipending Voriace Volume Variance 4. Compute the vacubili overtead spending and elficiency variances. Spending Varuance Eificency Vartance 5. Now assume that Plampter's cost accounting system teveals only the total actual overhead, in this case, a threet variance analysis can be performed. Using the relationiships between a three- and four-variance analysis, indicate the values for the three overtiead variances. Fentus Cosch Whis 6. Prepare journal entries (1) to apply overtiend to production, (2) to record the actual overtead costs incurred, (J) to record the variable and foxed overhead vanances, and (4) to dose the varance accounts at the end of the yeac, Assume vaisnces are closed to Cost of Goods Sold. If an amount box does not require an entry, leave it blank