Journal entries (continuation of 8-32). Refer to requirement 2. Consider variable manu facturing overhead and then fixed

Question:

Journal entries (continuation of 8-32). Refer to requirement 2. Consider variable manu¬

facturing overhead and then fixed manufacturing overhead.

Required Prepare the journal entries for

(a) the incurrence of overhead,

(b) the allocation of over¬

head, and

(c) the isolation and closing of overhead variances to Cost of Goods Sold for the year.

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