Crystal Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate Standard quantity of direct labor Budgeted fixed overhead Budgeted output $ 6.00 per direct-labor hour 3 hours per unit of output $ 120,000 20,000 units Actual results for April are as follows: Actual output Actual variable overhead Actual fixed overhead Actual direct labor 18,000 units $ 423,000 $ 115, 000 65,000 hours Required: Prepare journal entries for the following transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Record the incurrence of actual variable overhead and actual fixed overhead. Add variable and fixed overhead to Work-in-Process Inventory. Close underapplied or overapplied overhead into Cost of Goods Sold. View transaction list View journal entry worksheet No Transaction General Journal Credit Debit 538,000 1 Production overhead Various accounts 538,000 2 2 538,000 Work-in-process inventory Production overhead 538,000 33 Cost of goods sold Production overhead