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Please solve this ASAP. Gadget Dice manufactures premium food processors. The following are some manufacturing overhead data for Gadget Dice tor the year ended December

Please solve this ASAP.

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Gadget Dice manufactures premium food processors. The following are some manufacturing overhead data for Gadget Dice tor the year ended December 31, 2018. 0 (Click the icon to view the data.) Required 1. Prepare journal entries for VMOH and FMDH (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 scal year. Show how COGS is adjusted through journal entries. Requirement 1. Prepare journal entries for VMOH and FMOH [you will need to calculate the various variances to accomplish this). Begin by calculating the following amounts for the variable overhead that will be used to calculate the various variances. Requirement 2. Overhead variances are written off to the Cost of Goods Sold (COGS) account at the end of the scal year. Showr howr COGS is adjusted through journal entries. (Record debits first, then credits. Explanations are not required.) if to ated i Data X A Actual Flexible Static Amount Results Budget Budget Allocated rhe Output units 965 894 Machine-hours 1,828 1,931 1,788 Machine-hours per output unit 1.50 2.00 or t Variable MOH costs $ 98,913 $ 76,800 $ 71,120 $ 76,800 Variable MOH costs per machine-hour 39.78 Fixed MOH costs $ 350,235 $ 348,096 $ 375,897 Fixed MOH costs per machine-hour $ 194.68 ad ad Print Done The head

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