Swifty Company produces 3-inch binders at its Killeen plant. The following information is available for the year:

Production:
Budgeted		102,200 binders
Actual		99,600 binders
Standard costs:
Direct labor		0.60 DLH per binder @ $12.00 per hour
Variable overhead		0.60 DLH per binder @ $6.25 per hour
Actual costs:
Direct labor		19,920 DLH @ $11.90 per hour
Variable overhead		$123,770

(a) Prepare the journal entry to record actual variable overhead costs incurred. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
enter an account title to record actual variable manufacturing overhead	enter a debit amount	enter a credit amount
enter an account title to record actual variable manufacturing overhead	enter a debit amount	enter a credit amount
(To record actual variable manufacturing overhead)

(b) Prepare the journal entry to record the application of variable overhead to production. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
enter an account title to record applied variable manufacturing overhead	enter a debit amount	enter a credit amount
enter an account title to record applied variable manufacturing overhead	enter a debit amount	enter a credit amount
(To record applied variable manufacturing overhead)

(c) Prepare the journal entry to record the variable overhead spending and efficiency variances. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
enter an account title to record variable overhead variances	enter a debit amount	enter a credit amount
enter an account title to record variable overhead variances	enter a debit amount	enter a credit amount
enter an account title to record variable overhead variances	enter a debit amount	enter a credit amount
(To record variable overhead variances)