The Revolutions Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours. Budgeted assembly time is 2 hours per unit. The following table shows the b (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 (OH) Variable OH Actual Input Actual Costs Incurred Budgeted Rate Flexible Budget Allocated Overhead Now complete the table below for the fixed manufacturing overhead Fixed OH Actual Costs Incurred Same Budgeted Lump Sum Regardless of Output Level Flexible Budget Allocated Overhead Data table Actual The Revolutions Corporation (June 2020) Results Static Budget Number of centrifuges assembled and sold 120 125 Hours of assembly time 225 Variable manufacturing overhead cost per hour of assembly time Variable manufacturing overhead costs Fixed manufacturing overhead costs $ 32 S 7,650 S 13,500 $ 12,500 Print Done 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 Analysis Variable OH Fixed OH Spending Variance Efficiency Variance Production-Volume Variance Requirement 2. Prepare journal entries for Revolutions' June 2020 variable and fixed manufacturing overhead costs and variances, write off these variances to Cost of Goods Sold for the quarter ending June 30, 2020. (Record debits first, then credits Begin by recording the actual variable manufacturing overhead incurred Date Journal Entry Accounts Debit Credit