Rondell Company uses a standard cost system. Indirect costs were budgeted at $200,000 plus $15 per direct labour hour. The overhead rate is based on 10,000 hours. Actual results were: Standard direct labour hours allowed 9,000 Actual direct labour hours 10,000 Fixed overhead $190.000 Variable overhead $185,000 (a) Journalize the incurrence of the overhead costs and the application of overhead to the job, assuming a standard cost accounting system is used. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record incurrence of overhead.) (To record application of overhead.) Prepare the adjusting entry for the overhead variances. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit e Teythook and Media