Question #$2$

The following are some manufacturing overhead data for BVG for the year ended December $31,2024$:

Budgeted number of output units: $2,500$

Budgeted machine hours per unit: $4$ machine$-$hours per unit

Actual number of machine$-$hours used: $10,400$

Static$-$budget variable manufacturing overhead costs: $$300,000$

$1.$Prepare journal entries for variable and fixed manufacturing overhead.

Prepare the journal entry to write off the overhead variances, assuming they are written off to the Cost

of Goods Sold.