Refer to 11.24. Prepare the journal entries to record the variable and fixed overhead. Then, prepare the journal entries to record the allocation of variable and fixed overhead into work in process. Then, record the overhead variances.

Data from Exercise 11.24:

Following is information about Forester’s Furniture’s direct labour hours and wages last period.

Actual labour hours at the standard price per hour...........................................................$2,184

Actual labour hours at the actual price per hour.................................................................2,278

Standard labour hours at the standard price per hour........................................................2,275

Standard labour hours at the actual price per hour............................................................2,373