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Prepare the journal entries to record overhead incurred

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Problem - The Pukalani Company uses a standard costing system. During 2021, the company incurred actual overhead of $574,500. The standard rate for applying overhead is $4.11 per unit, and 134,400 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.

Reference no: EM132957835

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