The Japan division of a Canadian telecommunications company uses a standard cost system in its machine-based production of telephone equipment. Data regarding productions during June are as follows: E (Click the icon to view the data.) Required 1. Prepare an analysis of all manufacturing overhead variances. Use the four-variance analysis framework 2. Prepare joumal entries for manufacturing overhead without explanations 3. Describe how individual variable manufacturing overhead items are controlled from day to day. Also, describe how individual fixed manufacturing overhead items are controlled. Requirement 1. Prepare an analysis of all manufacturing overhead variances. Use the four-variance analysis. Begin by calculating the following amounts for the variable overhead. (Round interim calculations to three decimal places. Rd Data Table Actual Input Actual Costs Flexible $187,000 Allocated Overhead Incurred Budgeted Rate Budget Variable MOH Now complete the table below for the fixed manufacturing overhead. (Hold all decimals in interim calculations. Round your fir Same Budgeted Lump Sum Actual Costs Regardless of Flexible Allocated Incurred Output Level Budget Overhead Variable manufacturing overhead costs incurred Variable manufacturing overhead costs allocated (per standard machine-hour allowed for actual output achieved) Fixed manufacturing overhead costs incurred Fixed manufacturing overhead budgeted Denominator level in machine-hours Standard machine-hours allowed per unit of output Units of output Actual machine-hours used Ending work-in-process inventory $14.80 $487,000 $469,000 15,900 0.28 50,000 16,000 0 Choose from any list or enter any number in the input fields and then continue to the next question Print Done The Japan division of a Canadian telecommunications company uses a standard cost system in its machine-based production of telephone equipment. Data regarding productions during June are as follows: (Click the icon to view the data.) Required 1. Prepare an analysis of all manufacturing overhead variances. Use the four-variance analysis framework 2. Prepare journal entries for manufacturing overhead without explanations. 3. Describe how individual variable manufacturing overhead items are controlled from day to day. Also, describe how individual fixed manufacturing overhead items are controlled. Data Table - Now complete the table below for the fixed manufacturing overhead. (Hold all decimals in interim calculations. Round your fir Same Budgeted Lump Sum Actual Costs Regardless of Flexible Allocated Incurred Output Level Budget Overhead $187.000 Fixed MOH Now complete the four-variance analysis using the amounts you calculated above. Four-Variance Rate Efficiency Production-Volume Variable manufacturing overhead costs incurred Variable manufacturing overhead costs allocated (per standard machine-hour allowed for actual output achieved) Fixed manufacturing overhead costs incurred Fixed manufacturing overhead budgeted Denominator level in machine-hours Standard machine-hours allowed per unit of output Units of output Actual machine-hours used Ending work-in-process inventory Analysis Variance Variance Variance $14.80 $487,000 $469,000 15,900 0.28 50,000 16,000 0 Variable MOH Fixed MOH KUNA Imal Stafa Afstand their unnt IDARA Habis fiunt dit Choose from any list or enter any number in the input fields and then continue to the next question. Print Done The Japan division of a Canadian telecommunications company uses a standard cost systorri in its machine-based production of telephone equipment. Data regarding productions during June are as follows: 2 (Click the icon to view the data.) Required 1. Prepare an analysis of all manufacturing overhead variances. Use the four-variance analysis framework. 2. Prepare journal entries for manufacturing overhead without explanations. 3. Describe how individual variable manufacturing overhead items are controlled from day to day. Also, describe how individual fixed manufacturing overhead items are controlled. Record the variable manufacturing overhead allocated. Journal Entry i Data Table Date Accounts Debit Credit $187,000 Record the variable manufacturing overhead variances for the period. Variable manufacturing overhead costs incurred Variable manufacturing overhead costs allocated (per standard machine-hour allowed for actual output achieved) Fixed manufacturing overtiead costs incurred Fixed manufacturing overhead budgeted Denominator level in machine-hours Standard machine-hours allowed per unit of output Unils of output Actual machine-hours used Ending work-in-process inventory Journal Entry $14.80 $487,000 $469,000 15,900 0.28 50,000 16,000 0 Date Accounts Debit Credit Print Done Choose from any list or enter any number in the input fields and then continue to the next question. ? The Japan division of a Canadian telecommunications company uses a standard cost system in its machine-based production of telephone equipment. Data regarding productions during June are as follows: (Click the icon to view the data.) Required 1. Prepare an analysis of all manufacturing overhead variances. Use the four-varlance analysis framework. 2. Prepare journal entries for manufacturing overhead without explanations 3. Describe how individual variable manufacturing overhead items are controlled from day to day. Also, describe how individual fixed manufacturing overhead items are controlled Record the actual fixed overhead costs incurred. Journal Entry i Data Table Date Accounts Debit Credit $187,000 Record the fixed overhead costs allocated. Variable manufacturing overhead costs incurred Variable manufacturing overhead costs allocated (per standard machine-hour allowed for actual output achieved) Fixed manufacturing overhead costs incurred Fixed manufacturing overhoud budgeted Denominator level in machine-hours Standard machine-hours allowed per unit of output Units of output Actual machine-hours used Ending work-in-process inventory Journal Entry $14.80 $487,000 $469,000 15,900 0.28 50,000 16,000 0 Date Accounts Debit Credit Print Done Choose from any list or enter any number in the input fields and then continue to the next question. The Japan division of a Canadian telecommunications company uses a standard cost system in its machine-based production of telephone equipment. Data regarding productions during June are as follows: (Click the icon to view the data.) Required 1. Prepare an analysis of all manufacturing overhead variances. Use the four-varlance analysis framework. 2. Prepare journal entries for manufacturing overhead without explanations 3. Describe how individual variable manufacturing overhead items are controlled from day to day. Also, describe how individual fixed manufacturing overhead items are controlled Journal Entry Date Accounts Debit Credit i Data Table $187,000 Record the fixed overhead variances for the period. Journal Entry Date Accounts Debit Credit Variable manufacturing overhead costs incurred Variable manufacturing overhead costs allocated (per standard machine-hour allowed for actual output achieved) Fixed manufacturing overhead costs incurred Fixed manufacturing overhoud budgeted Denominator level in machine-hours Standard machine-hours allowed per unit of output Units of output Actual machine-hours used Ending work-in-process inventory $14.80 $487,000 $469,000 15,900 0.28 50,000 16,000 0 Requirement 3. Describe how individual variable manufacturing overhead items are controlled from day to day. Also, describe how individ Print Done Choose from any list or enter any number in the input fields and then continue to the next