Factory overhead is charged to production in Merwin Company's Finishing Department on the basis of the standard direct labor hours allowed for actual production. The following data relate to the results of operation for February:
Normal capacity in direct labor hours .....................................8,000
Standard labor hours allowed for actual production ....................7,000
Actual direct labor hours worked.....................................7,600
The factory overhead rate based on normal capacity direct labor hour is as follows:

Actual factory overhead incurred during February totaled $87,900. The company maintains two factory overhead accounts: Factory Overhead Control and Applied Factory Overhead.
Required:
Prepare journal entries to achieve each of the following:
(1) Charge factory overhead to production during February
(2) Close Applied Factory Overhead
(3) Close Factory Overhead Control into three variance accounts

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Variable overhead Fixed overhead $64,000 24,000 $8.00 8,000 hours3.00 8,000 hours 8,000 hours Total factory overhead $88,000 $11.00