P8-36 (similar to) Kitchen Whiz manufactures premium food processors. The following are some manufacturing overhead data for Kitchen Whic for the year ended December 31, 2017: (Click the icon to view the data.) Read the requirements Data Table to acc Actual Results Flexible Budget Static Budget 588 Allocated Amount 648 1,879 1,944 1,764 2.90 3.00 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 $ 88,313 $ 87,480 $ 79,380 $ 87,480 $ 45.00 $ 350,208 $ 342,216 $ 376,330 $ 194.00 Print Done X - i Requirements 1. Prepare journal entries for variable and fixed manufacturing overhead (you will need to calculate the various variances to accomplish this). 2. Overhead variances are written off to the Cost of Goods Sold (COGS) account at the end of the fiscal year. Show how COGS is adjusted through journal entries. Print Done