Simulation Question 1. (10 points) From the data below prepare (a) an analysis of factory overhead variances using the two-variance method and (b) journal entries for the analysis. Budegeted (normal capacity) Actual Direct labor hours: 20,000 25,600 Factory overhead: Fixed: $ 14,000 $ 17,000 Variable: 16,000 19,000 Standard allowed for actual production: 24,000 hours (a) Factory Overhead Variance-Two-factor Analysis: (b) Journal entries