Recording variable overhead in a standard costing system Dunlap Company produces 3-inch binders at its Killeen plant. The following information is available for the year: Production: Budgeted 100,000 binders Actual 98,000 binders Standard costs: Direct labor -5 DLH per binder @ $12 per hour Variable overhead 5 DLH per binder @ $6 per hour Actual costs: Direct labor 47,040 DLH @ $11.90 per hour Variable overhead $282,000 Required a. Prepare the journal entry to record actual variable overbead costs incurred, b. Prepare the journal entry to record the application of variable overhead to production, c. Prepare the journal entry to record the variable overhead spending and efficiency vacances