Refer to the data in Exercise 11–25 for Starlight Glassware Company. Prepare journal entries to:
In Exercise 11–25, Starlight Glassware Company has the following standards and flexible-budget data.
Standard variable-overhead rate........................$18.00 per direct-labor hour
Standard quantity of direct labor.......................2 hours per unit of output
Budgeted fixed overhead..................................$300,000
Budgeted output................................................25,000 units
Actual results for February are as follows:
Actual output.......................................... 20,000 units
Actual variable overhead.......................................... $960,000
Actual fixed overhead.............................................. $291,000
Actual direct labor.................................................... 50,000 hours

• Record the incurrence of actual variable overhead and actual fixed overhead.
• Add variable and fixed overhead to Work-in-Process Inventory.
• Close underapplied or overapplied overhead into Cost of Goods Sold.