Question: I need help with the journal entry Mackie Corp has developed the following standards with respect to the estimated cost of manufacturing overhead associated with

I need help with the journal entry

I need help with the journal entry Mackie Corp has developed the

Mackie Corp has developed the following standards with respect to the estimated cost of manufacturing overhead associated with the production of 1,500 left- handed widgets in May. Overhead at Different Activity Levels Machine Hours 2,000 3,000 4,000 Number of Widgets 1,000 1,500 2,000 Variable Overhead $4,000 $6,000 $8,000 Fixed Overhead _$_9,w $.M _$_9,M Total Overhead $13,000 $15,000 $17,000 Mackie applies overhead based on machine hour activity. According to the actual May production report, 1,200 lefthanded widgets were produced. The production of these 1,200 widgets required 2,400 machine hours. Actual overhead incurred was $13,200. Show all of your work in determining the following; 1. What was Mackie's manufacturing overhead spending variance (provide the $ amount as well as whether the variance was favorable (F) or unfavorable (U)? 2. What was Mackie's manufacturing volume variance (provide $ as well as whether the variance was favorable (F) or unfavorable (U)? 3. Prepare the journal entry to record the manufacturing overhead activity for the month of May

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