Required information (The following information applies to the questions displayed below] Patel and Sons, Inc., uses a standard cost system to apply overhead costs to units produced. Practical capacity for the plant is defined as 52.800 machine hours per year which represents 26.400 units of output. Annual budgeted fixed overhead costs are $264.000 and the budgeted variable overhead cost rate is $2.90 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 19.900 units, which took 41.800 machine hours. Actual fixed overhead costs for the year amounted to $258,000 while the actual variable overhead cost per unit was $2.80. Based on the information provided above, provide the correct summary journal entries for actual and applied 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 overhead. Also, assume that the only variable overhead cost was electricity and that actual fixed overhead consisted of depreciation of $160,000 and supervisory salaries of $96,000. (Do not round intermediate calculations. Round your final nearest whole dollar If no entry is required for transaction/event, select "No journal entry required in the first account field.) answers to amount. a Journal entry worksheet Record the actual overhead costs. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal Journal entry worksheet Record the overhead costs applied to production. Note: Enter debits before credits Transaction General Journal Debit Credit 2 Record entry Clear entry View general Journal