0 b8 $220b 22.00 2 hours $214hour 42.80 2 hours $16.50hour 33.00 30.30 $128.10 Flxed overhead Budgeted production 6,100 units 142.915 11,710 actual hours$256364 195,365 $189.190 6.000 units to the nearest whole number. If no entry is required for a a Purchase of direct materials on account select "No Journal Entry Required" in the first account fleld) of direct of vanable overhead. 8 9 a Pureiase of dtrect mateials on account. b. Issuance of direct materials to production. c. Incurrence of direct labor d. Incurrence and application of variable overhead. e. Incurrence and application of fixed overhead. View transaction list Journal entry worksheet 3 Record purchase of direct materials on account. Note: Enter debits before credits General Journal Debit Credit 45,090 Direct Materials Inventory Accounts Payable Direct Materials Price Variance 142,915 2,175 Record entry Clear entry View general journal 2 4 Issuance of direct materials to production. Incurrence of direct labor Incurrence and application of variable overhead. Incurrence and application of fixed overhead. View transaction list Journal entry worksheet 3 4 5 Record issuance of direct materials to production. Note: Enter debits before credits. ransaction General Journal Debit Credit t of Goods Sold Reoord entry Clear entry View general journal 8 2 repare the journal entries to record the following transactions. Assume Wallace Inc. does not maintain inventories o the nearest whole number. If no entry Is required for a transaction/event, select "No Journal Entry Requls a. Purchase of direct materials on account b. Issuance of direct materials to production c. Incurrence of direct labor d. Incurrence and application of variable overhead. e. Incurrence and application of fixed overhead. View transaction list Journal entry worksheet Record incurrence of direct labor. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal $189,190 Units produced and sold 6,000 units Prepare the journal entries to record the following transactions. Assume Wallace Inc. does not maintain inv to the nearest whole number. If no entry is required for a transaction/event, select "No Journal Entr a Purchase of direct materials on account. b. Issuance of direct materials to production. c. Incurrence of direct labor d. Incurrence and application of variable overhead. e. Incurrence and application of fixed overhead. View transaction list Journal entry worksheet Record incurrence and application of variable overhead. Note: Enter debits before credits ansaction General Journal DebitCredit Record entry Clear entry View general journal to the nearest whole hmber.r ho entry is required for a transacuorbeyent selec NO JOumal En a Purchase of direct materials on account b. Issuance of direct materials to production c. Incurrence of direct labor d. Incurrence and application of variable overhead. e. Incurrence and application of fixed overhead. View transaction list Journal entry worksheet Record incurrence and application of fixed overhead. Note: Enter debits before credits. Transaction General Journal Debit Credit xed Overhead Spending Variance Record entry Clear entry View general journal