Patel and Sons Inc. uses a standard cost system to apply factory overhead costs to units produced. Practical capacity for the plant is defined as $54,300$ machine hours per year, which represents $27,150$ units of output. Annual budgeted fixed factory overhead costs are $$271,500$ and the budgeted variable factory overhead cost rate is $$3\mathrm{.}40$ per unit. Factory overhead costs are applied on the basis of standard machine hours allowed for units produced. Budgeted and actual output for the year was $20,900$ units, which took $43,300$ machine hours. Actual fixed factory overhead costs for the year amounted to $$261,500$ while the actual variable overhead cost per unit was $$3\mathrm{.}30.$

Based on the information provided above, provide the correct summary journal entries for actual and applied factory overhead costs $($both variable and fixed$)$ for the year. Assume that the company uses a single account, Factory Overhead, to record both actual and applied factory overhead. Also, assume that the only variable overhead cost was electricity and that actual fixed overhead consisted of depreciation of $$165,000$ and supervisory salaries of $$96,500$ Finally, assume that both electricity expense and the supervisory salaries expense have been incurred but not yet paid $($i$.$e$.,$ both are current liabilities$).($Do not round intermediate calculations. Round your final answers to nearest whole dollar amount. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$).$

Journal entry worksheet

A

B

Record the actual overhead costs.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,$Factory overhead,grad,,$],[,$Salaries payable,,,$],[,$Utilities payable,,,$],[,$Accumulated depreciation$-$Factory,,,$],[,\frac{?}{\text{b}\text{a}\text{r}}(F),,,],[,\frac{?}{\text{b}\text{a}\text{r}}(F),,,]]$

Journal entry worksheet

A

Record the overhead costs applied to production.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[2,$Work in process inventory,,$],[,$Factory overhead,,$]]$