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The Golden Company uses a standard costing system. During 2021, the oompany incurred actual overhead of $5?1,500.The standard rate for applying overhead is $4.08 per

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The Golden Company uses a standard costing system. During 2021, the oompany incurred actual overhead of $5?1,500.The standard rate for applying overhead is $4.08 per unit, and 123,900 units were produced in 2021. Onethird 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 [atrium tl mautmmmyhdmmdmmmmlsm.mmtindmtmmw No. Account True; and Explanation Debit Credit 1- l l | | l | | l l {To record actual overhead incurred) 2.1 l | | | | | I {To record overhead applied} 3.! I | | | I | | | | | | {To close mamrfacbjrin'g overhead and record overhead variances}

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