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Record the actual variable manufacturing overhead incurred. Journal Entr begin{tabular}{ll} hline Date & Accounts hline end{tabular} Record the variable manufacturing overhead allocated. Kitchen Whiz
Record the actual variable manufacturing overhead incurred. Journal Entr \begin{tabular}{ll} \hline Date & Accounts \\ \hline \end{tabular} Record the variable manufacturing overhead allocated. Kitchen Whiz manufactures premium food processors. The following are some manufacturing overhead (MOH) data for Kitchen Whiz for the year ended December 31, 2020: (Click the icon to view the data.) Data table Record the variable manufacturing overhead variances for the period. Record the actual fixed overhead costs incurred. Requirement 1. Prepare journal entries for variable and fixed manufacturing overhead (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. Now complete the table below for the fixed manufacturing overhead that will be used to calculate the various variances. Now complete the 4-variance analysis using the amounts you calculated above. (If no variance exists leave the dollar value blank. Label the variance as favorable (F), unfavorable (U) or never a variance (N).) Prepare journal entries for variable and fixed manufacturing overhead. (Record debits first, then credits. Exclude explanations from any journal entries.) Record the actual variable manufacturing overhead incurred. Record the fixed overhead variances for the period. Requirement 2. Overhead variances are written off to the Cost of Goods Sold (COGS) account at the end of the fis Show how COGS is adjusted through journal entries. (Record debits first, then credits. Exclude explanations from ar journal entries.) Record the actual fixed overhead costs incurred. Date Accounts Record the fixed overhead costs allocated
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