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The Munchies Company uses a standard costing system. During 2021, the company incurred actual overhead of $570,000. The standard rate for applying overhead is $4.14 per unit, and 132, 900 units 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. Please see the attached picture for what else is being asked. Please submit step by step calculations.
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