View Polledes Current Attempt In Progress The Covington Companyuses a standard costing system. During 2021, the company Incurred actual overhead of $572, 700. The standard rate for applying overhead ba $417 per unit, and 121,900 units were produced In 2021. One-third of the total overhand Warlance la attributed to the volume verlanes, and the remainder Is attelbuted to the controllable overhead varlance Prepare the Journal entries to record overin and Incurred (you should credit "various accounts"] and the overin end variances. (Credit account wickes one ematically indented when the amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit 1. Debit: Manufacturing Overhead factual Credit Cian [To record actual overhead Incurred) 2. Debit:Work In Proccm: Inventor Credit Manufacturing Overhand priced [To record overhead applied) [To close manufacturing overhead and record overhead variances) List of Accounts Assistance Used Accounts Payable Accounts Receivable Controllable Overhead Varlanes Cost of Gooda Bold Finished Gooda Inventory Labor Eifelancy Varlance Labor Rote Variance Material Price Varlance Material Quantity Varlance Manufacturing Overhand Various Accounts Overhead Volume Varlance Raw Materials Inventory Waxes Payable Work In Process Inventory Simic for Later Lest saved 1 second apo. Attempts Oof 1 used