The Guaporation is a manufacturer of centrifuges. Fixed and variablo manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours. Budgeted assembly time is 2 hours per unit. The following table shows the budgeted amounts and actual results related to overhead for June 2017 (Click the icon to view the table.) Read the requirements Requirement 1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances. Begin by calculating the following amounts for the variable overhead. Actual Input Actual Costs Incurred Budgeted Rate Budget Overhead Variable OH Now complete the table below for the fixed manufacturing overhead. Same Budgeted Lump Sum Regardless of Incurred Output Level Budget Overhead Flexible Allocated Actual Costs Flexible Allocated Fixed OH 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).) 4.Variance Spending Efficiency Production Volume Analysis Variance Variance Variance Actual Static Results Budget 220 110 The Gustafs Corporation (June 2017) Number of centrifuges assembled and sold Hours of assembly time Variable manufacturing overhead cost per hour of assembly time Variable manufacturing overhead costs Fixed manufacturing overhead costs 396 $ 32.00 $ 13,084 $ 12,450 $ 11,000 How complete the 4-vanance analysis using the amounts you calculated above. (i no vanance exists leave the dollar va ue blank. Laber the vanance as tavorable ( nfavorable (U) or never a variance (N).) 4-Variance Spending Efficiency Production-Volume Analysis Variance Variance Variance Variable OH Fed OH Requirement 2. Prepare journal entries for Gustafs' June 2017 variable and fixed manufacturing overhead costs and variances; write off these variances to Cost of Goods Sold for the quarter ending June 30, 2017. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by recording the actual variable manufacturing overhead incurred, Journal Entry Date Accounts Debit Credit