The Cato Company uses a standard costing system. During 2021, the company incurred actual overhead of $572,400. The standard rate for applying overhead is $4.17 per unit, and 120,900 units were produced in 2021. One-third of the total overhead variance is attributed to the volume variance, and the remainder is attributed to the controllable overhead variance. Prepare the journal entries to record overhead incurred (you should credit various accounts) and the overhead variances. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

No.	Account Titles and Explanation	Debit	Credit
1.	enter an account title to record actual overhead incurred	enter a debit amount	enter a credit amount
	enter an account title to record actual overhead incurred	enter a debit amount	enter a credit amount
	(To record actual overhead incurred)
2.	enter an account title to record overhead applied	enter a debit amount	enter a credit amount
	enter an account title to record overhead applied	enter a debit amount	enter a credit amount
	(To record overhead applied)
3.	enter an account title to close manufacturing overhead and record overhead variances	enter a debit amount	enter a credit amount
	enter an account title to close manufacturing overhead and record overhead variances	enter a debit amount	enter a credit amount
	enter an account title to close manufacturing overhead and record overhead variances	enter a debit amount	enter a credit amount
	(To close manufacturing overhead and record overhead variances)