Prepare journal entries for variable and fixed manufacturing overhead. (Record debits first, then credits. Exclude explanations from any journal entries.)

Record the actual variable manufacturing overhead incurred.

Journal Entry
Date		Accounts	Debit	Credit

Part 5

Record the variable manufacturing overhead allocated.

Journal Entry
Date		Accounts	Debit	Credit

Part 6

Record the variable manufacturing overhead variances for the period.

Journal Entry
Date		Accounts	Debit	Credit

Part 7

Record the actual fixed overhead costs incurred.

Journal Entry
Date		Accounts	Debit	Credit

Part 8

Record the fixed overhead costs allocated.

Journal Entry
Date		Accounts	Debit	Credit

Part 9

Record the fixed overhead variances for the period.

Journal Entry
Date		Accounts	Debit	Credit

Part 10

Requirement 2. Overhead variances are written off to the Cost of Goods Sold (COGS) account at the end of the fiscal year. Show how COGS is adjusted through journal entries. (Record debits first, then credits. Exclude explanations from any journal entries.)

Journal Entry
Date		Accounts	Debit	Credit

Food Whiz manufactures premium food processors. The following are some manufacturing overhead (MOH) data for Food Whiz for the year ended December 31, 2020: Data table Requirement 1. Prepare journal entries for variable and fixed manufacturing overhead iyou wil need to calculate the various variances to accomplish this). Begin by calculating the following amounts for the variable overhead that will be used to calculate the various varianoes. Now complete the table below for the fixed manufacturing overhead that will be used to calculate the various variances. 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 varianoe (N).)