Question 12 5/15 pts Alice Moon, Inc. has allocated manufacturing overhead for the year of $260,000 for variable costs and $440,000 for fixed costs. Actual costs for the year totaled $275,000 for variable and $445,000 for fixed. The company tracks the variable costs and fixed costs in separate overhead control accounts The annual variances were calculated and are as follows: VOSV - $10,000 unfavorable; . VOEV - $5,000 unfavorable; FOSV = $10,000 unfavorable: W = $5,000 favorable. . USING PROPER JOURNAL FORMAT: 1. Prepare the journal entries to record the overhead incurred maintaining the separate accounts for variable and fixed overhead. 2. Prepare the journal entries to record the allocated overhead maintaining the separate accounts for variable and fixed overhead. 3. Prepare the journal entries to record all variances according to the manner in which the company tracks overhead costs. Your Answer: Debit Credit 1. Variable Direct manufacturing overhead 275,000 Various accounts 275,000 Fixed Direct manufacturing overhead 445.000 445,000 Various accounts 80 Co OQD F FB 59 FS 522 510 A % &