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Alvarez Company for the current period shows a $$30,000$ favorable volume variance and a $$55,500$ unfavorable controllable variance. Standard overhead applied for the period is $$222,000.$

Alvarez records standard costs in its accounts. Prepare the journal entry to charge overhead costs to the Work in Process Inventory account and to record any variances.

Journal entry worksheet

A

Record overhead applied to production and overhead variances.

Note: Enter debits before credits.

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