Question 3 (20 marks) The MGC Corp. is a manufacturer of camera lens. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours. Budgeted assembly time is two hours per unit. The following table shows the budgeted amounts and actual results related to overhead for June 2020. Actual Results 216 Static Budget 200 The MGC Corp (June 2020) Number of lens assembled and sold Hours of assembly time Variable manufacturing overhead cost per hour of assembly time Variable manufacturing overhead costs Fixed manufacturing overhead cost $30.00 411 12741 4* 31 $12,741 $20,550 $19,200 Required: a. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variance. (15 marks) b. How does the planning and control of variable manufacturing overheads differ from the planning and control of fixed manufacturing overhead cost? Discuss. (5 marks) (Total 20 marks) 4