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I am not understanding the logic about the entries what shoul be posted Saved O You received partial cre Exercise 11-33 Journal Entries for Overhead
I am not understanding the logic about the entries what shoul be posted
Saved O You received partial cre Exercise 11-33 Journal Entries for Overhead (Appendix A) (LO 11-8) Starlight Glassware Company has the following standards and flexible-budget data Standard variable-overhead $ 800,: hour hours per unit of output rate Standard quantity of di labor Budgeted fixed overhead Budgeted output $156.00o 26000 units Actuai results for February are os follaws 9000 units Actual output Actual variable$409000 overhead Actual fixed S 148 00o overhead Actual direct lobor 50,000 hours Required: Prepare journal entries for the following transactions. (if no entry is required for a transaction event, select No journat entry requiredt in the first account field.) . Record the lincurrence of actue vandble overhead and actual fixed overnead Add veriable and fixed overhead to Worksin Process inventory Ciose underapplied or overbppliec overhead into Cost of Goods Sod o2 Step by Step Solution
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