1) The Macaron Company uses a standard costing system. During 2021, the company incurred actual overhead of $570,600. The standard rate for applying overhead is $4.17 per unit, and 133,500 units were produced in 2021. One-third of the total overhead variance is attributed to the volume variance, and the remainder is attributed to the controllable overhead variance. Prepare the journal entries to record overhead incurred (you should credit "various accounts") and the overhead variances. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

No.	Account Titles and Explanation	Debit	Credit
1.	enter an account title to record actual overhead incurred	enter a debit amount	enter a credit amount
	enter an account title to record actual overhead incurred	enter a debit amount	enter a credit amount
	(To record actual overhead incurred)
2.	enter an account title to record overhead applied	enter a debit amount	enter a credit amount
	enter an account title to record overhead applied	enter a debit amount	enter a credit amount
	(To record overhead applied)
3.	enter an account title to close manufacturing overhead and record overhead variances	enter a debit amount	enter a credit amount
	enter an account title to close manufacturing overhead and record overhead variances	enter a debit amount	enter a credit amount
	enter an account title to close manufacturing overhead and record overhead variances	enter a debit amount	enter a credit amount
	(To close manufacturing overhead and record overhead variances)

2) The standard labor cost in the production of a pair of Crown Point Brand athletic shoes is 0.40 hours at $14.00 per hour. During the month of June, 26,790 pairs were produced. Actual labor costs were $114,000 for 7,600 hours. Compute the labor rate and labor efficiency variances for the month of June. (Round actual wage rate to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 125. Enter all variances as a positive number.)

Labor Rate Variance		$enter labor rate variance as a dollar amount		select an option UnfavorableFavorableNeither Unfavorable nor Favorable
Labor Efficiency Variance		$enter labor efficiency variance as a dollar amount		select an option FavorableNeither Unfavorable nor FavorableUnfavorable

3) ) At Paver, the standard quantity of labor is 24 hours per refrigeration unit. The standard wage rate is $33. In July, the company produced 75 refrigeration units and incurred 2,130 labor hours at a cost of $63,900. Calculate the labor rate variance and the labor efficiency variance. Indicate whether the variances are favorable or unfavorable. (Round intermediate calculations to 2 decimal places, e.g. 14.37 and final answers to 0 decimal places, e.g. 125. Enter all variances as a positive number.)

Labor Rate Variance		$enter labour rate variance in dollar amount		select an option FavorableNeither Unfavorable nor FavorableUnfavorable
Labor Efficiency Variance		$enter labour efficiency in dollar amount		select an option UnfavorableFavorableNeither Unfavorable nor Favorable