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by mes 2 hours perunt. The blowing table shows The Velos Corporation is a mandalurer of conges Freed and the manufacturing overheads are located to each one ugewing budgeted assembly hours Bulled the budgeted amounts and clos e to overhead for June 2017 Coteloont view the wate) Requirement 1. Prepare an analysis of all a ble manufacturing overhead and feed manufacturing overhead variances begin by calling the following amounts for the variable overhead Actuallout Actual Costs Allocated Budgeted Rate Variati OH Now com e table below for the food mandang overhead Same Budgeted Actual Cost Allocated Regardess of Oulut Level Flexible Budget Now come the race analysis using the amount you can be Worth ese wanance of Good old for the currender 2017 Record debatten en Hermem Prepare for Wo m Choose from anyone ber o ds and then como de 2017 gov are located to change your a biy time is host the by og ha n n vad incurred budgeted amounts and actual results related to overhead for June 2017 Click the icon to view the table.) Journal Entry Debit Credit Record the wate manucurg overhead once we of Record the actual de overhead costs incurred Choose from any store any number in the routes and then continue to the next question o the conto vow the Record the overhead located Journal Entry Credit Record the food overhead voces for the period Record the fund mandacturing overhead variance wrot Corom any or any number in the intendere conto the next Requirement 3. How does the planning and control of variable manufacturing overhead costs differ from the planning and control of foxed manufacturing overhead costs? Planning and control of manufacturing overhead costs has both a long-run and a short-run focus. The long-run focus involves Velocities planning to and for the short run focus to in the most efficient way Planning and control of manufacturing overhead costs have primarily a long-run focus. It involves V for a budgeted level of output. Velocities makes of the key decisions that determine the level of overhead costs at the start of the accounting period Choose from any list or enter any number in the input fields and then continue to the next question. Ann DIE AYAW Requirement 3. How does the planning and control of variable manufacturing overhead co costs? Planning and control of manufacturing overhead costs has both a long-run anda and for the short-run focus to manage the cost drivers of value-added overhead activities re primarily a long-run for a budgeted level o undertake only value-added overhead activities Choose from any list or enter any number in the input fields and then continue to the Question: 25 pts 16 of 18 (0 compl Velo Accounts Payable Control and other accounts sembly Fixed Manufacturing Overhead Allocated Fixed Manufacturing Overhead Control ead the Fixed Manufacturing Overhead Efficiency Variance Fixed Manufacturing Overhead Production-Volume Variance ariable Fixed Manufacturing Overhead Spending Variance ixed OH Salaries Payable, Accumulated Depreciation, and various other accounts Requiren Variable Manufacturing Overhead Allocated of Goods Variable Manufacturing Overhead Control Begin by Variable Manufacturing Overhead Efficiency Variance Variable Manufacturing Overhead Production-Volume Variance Variable Manufacturing Overhead Spending Variance Date Work-in-Process Control ufac alud Record the variable manufacturing overhead allocated. Journal Entry i Data Table Actual Static Results Budget 240 100 312 The Velocities Corporation (June 2017) Number of centrifuges assembled and sold Hours of assembly time Variable manufacturing overhead cost per hour of assembly time Variable manufacturing overhead costs Fixed manufacturing overhead costs 29.00 $ 9,462 11,230 $ 9,800 Print Done 0 Requirements urnal Entry Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances. 2. Prepare journal entries for Velocities' June 2017 variable and fixed manufacturing overhead costs and variances; write off these variances to Cost of Goods Sold for the quarter ending June 30, 2017 3. How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fixed manufacturing overhead costs? ut fields and Print Done