The Japan division of a Canadian telecommunications company uses a standard cost system in its machine based production of tolophone equipment Dita 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 $187,000 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 $14.80 $487,000 $469,000 15,900 0.28 50,000 16,000 The Japan division of a Canadian telecommunications company uses a standard cost system in its machine based production of tolophone equipment Dita 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 $187,000 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 $14.80 $487,000 $469,000 15,900 0.28 50,000 16,000