The Mongolia division of a Canadian telecommunications company uses standard costing for its machine-paced production of telephone equipment. Data regarding production during June are as follows: (Click the icon to view data.) X Read the requirements. Data Table Requirement 1. Prepare an analysis of all manufacturing overhead variances. Use the 4-variance analysis framework. Begin by calculating the following amounts for the variable overhead. Actual Input $537,500 $7 per standard machine-hour $146,500 $134,000 67,000 Actual Costs Allocated Flexible Budget Incurred Budgeted Rate Variable manufacturing overhead costs incurred Variable manufacturing overhead cost rate Fixed manufacturing overhead costs incurred Fixed manufacturing overhead costs budgeted Denominator level in machine-hours Standard machine-hour allowed per unit of output Units of output Actual machine-hours used Ending work-in-process inventory Overhead Variable OH 1.2 Now complete the table below for the fixed manufacturing overhead. 65,100 75,700 0 Same Budgeted Lump Sum Regardless of Output Level Actual Costs Flexible Allocated Incurred Budget Overhead Print Done 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 Production-Volume Spending Variance Efficiency Variance Analysis Variance Variable OH Fixed OH Requirement 2. Describe how individual variable manufacturing overhead items are controlled from day to day. Individual variable manufacturing overhead items are affected very much by day-to-day control. They are controlled Control often entails monitoring measures that affect each cost item, one by one. Such as, Choose from any list or enter any number in the input fields and then continue to the next question. ? The Mongolia division of a Canadian telecommunications company uses standard costing for its machine-paced production of telephone equipment. Data regarding production during June are as follows: (Click the icon to view data.) X Read the requirements. Data Table Requirement 1. Prepare an analysis of all manufacturing overhead variances. Use the 4-variance analysis framework. Begin by calculating the following amounts for the variable overhead. Actual Input $537,500 $7 per standard machine-hour $146,500 $134,000 67,000 Actual Costs Allocated Flexible Budget Incurred Budgeted Rate Variable manufacturing overhead costs incurred Variable manufacturing overhead cost rate Fixed manufacturing overhead costs incurred Fixed manufacturing overhead costs budgeted Denominator level in machine-hours Standard machine-hour allowed per unit of output Units of output Actual machine-hours used Ending work-in-process inventory Overhead Variable OH 1.2 Now complete the table below for the fixed manufacturing overhead. 65,100 75,700 0 Same Budgeted Lump Sum Regardless of Output Level Actual Costs Flexible Allocated Incurred Budget Overhead Print Done 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 Production-Volume Spending Variance Efficiency Variance Analysis Variance Variable OH Fixed OH Requirement 2. Describe how individual variable manufacturing overhead items are controlled from day to day. Individual variable manufacturing overhead items are affected very much by day-to-day control. They are controlled Control often entails monitoring measures that affect each cost item, one by one. Such as, Choose from any list or enter any number in the input fields and then continue to the next