TheForessCompany uses a standard costing system. During 2021, the company incurred actual overhead of $570,900. The standard rate for applying overhead is $4.17per unit, and125,700units 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

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

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)