The Ramirez Company uses standard costing in its manufacturing plant for auto parts. The standard cost of a particular auto part, based on a denominator level of 4,000 output units per year, included 5 machine hours of variable manufacturing overhead at 87 per hour and 5 machine hours of fixed manufacturing overhead at $14 per hour. Actual output produced was 4,200 units. Variable manufacturing overhead incurred was $170,000. Fixed manufacturing overhead incurred was $303,000, Actual machine-hours were 22,000 Read the requirements Requirement 1. Prepare an analyse 4-variance analysis. Begin by calculating the following amounts for Requirements . d Actu 5:3 Ind Inco 11) Variable OH 1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances, using the 4-variance analysis 2. Prepare joumal entries using the 4 variance analysis 3. Describe how Individuin fleed manufacturing overhead toms are controlled from day to day 4. Discuss possible causes of the fixed manufacturing overhoud varlano. Print Done