The Velocities 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 budgeted amounts and actual results related to overhead for June 2017. (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. Variable OH Actual Input Actual Costs Flexible Allocated Incurred Budgeted Rate Budget Overhead 8.591 $ 8.178 $ 13,630 S 13.630 Now complete the table below for the fixed manufacturing overhead. Fixed OH Same Budgeted Lump Sum Actual Costs Regardless of Incurred Output Level Flexible Budget Allocated Overhead