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Exercise 11-33 Journal Entries for Overhead (Appendix A) (LO 11-8) Crystal Glassware Company has the following standards and flexible-budget data. Actual results for April are
Exercise 11-33 Journal Entries for Overhead (Appendix A) (LO 11-8) Crystal Glassware Company has the following standards and flexible-budget data. Actual results for April are as follows: 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. Journal entry worksheet Record the incurrence of actual variable overhead and actual fixed overhead. Note: Enter debits before credits. 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. Journal entry worksheet Note: Enter debits before credits. 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. Journal entry worksheet Record the entry to close underapplied or overapplied overhead into Cost of Goods Sold. Note: Enter debits before credits
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