The Alberto Company uses a standard cost system in which manufacturing overhead costs are applied to units of the company's single product (Zoom) on the basis of machine-hours. The standard cost card for the product follows:

Standard Cost Card-per unit of product: Direct Materials, 4 lbs. at $3.70 per lb.

Direct Labor, 1.5 DLH at $8.50 per DLH Variable Overhead, 2 MHs at $2.5 per MH Fixed Overhead, 2 MHs at $3.20 per MH

Standard cost per unit Planned production 23,000 units Budgeted fixed overhead costs $147,200

The following data pertain to last year's activities: The company manufactured 20,000 units of product during the year and used 44,000 MH. A total of 80,000 lbs. of material was purchased for $300,000. 76,000 lbs. of material were used to manufacture the 20,000 units. The company paid $239,850 for 29,250 direct labor-hours for production of 20,000 units. Actual fixed factory overhead costs were $150,000. Actual variable factory overhead costs were $145,200

Using the above data for Alberto Company, provide journal entries for the following transactions. Q1. Purchase of raw materials on account Q2. Usage of raw materials in factory Q3. Payment for usage of direct labor in factory Q4. Applied variable factory overhead cost to factory Q5. Applied fixed factory overhead cost to factory Q6. Incurrence of actual variable factory overhead cost Q7. Incurrence of actual fixed factory overhead cost Q8. Transfer of manufactured units from factory to warehouse Q9. Closing variable factory overhead account and recognizing related cost variances Q10. Closing fixed factory overhead account and recognizing related cost variances