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The following information is available for Riverbed's Chocolates: Actual production 2,890 boxes Budgeted production 3,250 boxes Standard direct labor hours 3.30 DLH per box Actual
The following information is available for Riverbed's Chocolates: Actual production 2,890 boxes Budgeted production 3,250 boxes Standard direct labor hours 3.30 DLH per box Actual direct labor hours 9,826 Fixed Overhead Standard $5 per direct labor hour Actual $57,225 (a) Prepare the journal entry to record actual fixed overhead costs incurred. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record actual fixed manufacturing overhead) (b) Prepare the journal entry to record the application of fixed overhead to production. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record applied fixed manufacturing overhead) (c) Prepare the journal entry to record the fixed overhead spending and volume variances. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record fixed overhead variances)
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