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Manufacturing overhead costs allocated. Journalize the movement of all production from Work-in-Process Inventory. Date Jul. Accounts and Explanation Completed goods transferred. Debit Credit Data table Direct Materials (0.2 lbs @ SO .25 per lb) Direct Labor (3 minutes @ SO. 12 per minute) Manufacturing Overhead: Variable (3 minutes @ $0.04 per minute) Fixed (3 minutes @ SC 15 per minute) Total Cost per Coffee Mug More info s 0.12 0.45 s 0.05 0.36 0.57 0.98 Journalize the adjusting of the Manufacturing Overhead account (Prepare a single compou Date Accounts and Explanation Fixed Overhead Cost Variance To adjust Manufacturing Overhead Debit Credit a. b. c. d. e. There were no beginning or ending inventory balances. All expenditures were on account Actual production and sales were 62,400 coffee mugs. Actual direct materials usage was 10,000 lbs. at an actual cost of SO 17 per lb. Actual direct labor usage was 203,000 minutes at a total cost of $28,420. Actual overhead cost was $5,075 variable and $35,725 fixed. Selling and administrative costs were S98,00ff