Required:

$1)$ Show your calculations on Variable and Fixed Overhead Variances. Explain how each of these variances could occur.

$2)$ What is the Over$/$under allocated manufacturing overhead for Variable Manufacturing Overhead?

$3)$ What is the Over$/$under allocated manufacturing overhead for Fixed Manufacturing Overhead?

$4)$ Prepare journal entries that would be made at the end of each month relating to the above variances.

$*$Please refer to attached image$*$

Thank you : $)$