Starlight Glassware Company has the following standards and flexible-budget data. 700 per direct-labor Standard variable-overhead rate Standard quantity of direct labor Budgeted fixed overhead Budgeted output hours per unit of -output $100,000 25,000 units Actual results for February are as follows: 20,000 units $348,000 Actual output Actual variable overhead Actual fixed overhead Actual direct labor $ 98,000 48,000 hours Required: Prepare journal entries for the following transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Record the incurrence of actual variable overhead and actual fixed overhead. Add variable and fixed overhead to Work-in-Process Inventory. Close underapplied or overapplied overhead into Cost of Goods Sold. Journal entry worksheet 2 3 Record the incurrence of actual variable overhead and actual fixed overhead. Note: Enter debit Transaction No journal entry required Debit Credit Accounts payable Accounts receivable Cost of goods sold Record entry Clear entry View general journal Journal entry worksheet