Starlight Glassware Company has the following flexible budget data and standards.

Standard Variable Overhead Rate	ps	6.00	per direct labor hour
Standard amount of direct labor		3	hours per unit of production
Budgeted Fixed Overhead	ps	150.000
budgeted output		25,000	units

The actual results for February are as follows:

actual output		16,000	units
Actual Variable Overhead	ps	378,000
Actual Fixed Overhead	ps	141.000
Actual direct labor		55,000	hours

Required:

Prepare journal entries for the following transactions.

• Record the occurrence of actual variable overhead costs and actual fixed overhead costs.

• Add variable and fixed overhead to work-in-process inventory.

• Close out overhead or underapplied expenses in Cost of Goods Sold.