Exercise 11-33 Journal Entries for Overhead (Appendix A) (LO 11-8) Starlight Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate Standard quantity of direct labor Budgeted fixed overhead Budgeted output $ 6.00 per direct-labor hour 2 hours per unit of output $100,000 25,000 units Actual results for February are as follows: 20,000 units $308,000 Actual output Actual variable overhead Actual fixed overhead Actual direct labor $ 92,000 51,000 hours Required: Prepare journal entries for the following transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) . 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. View transaction list Journal entry worksheet Record the incurrence of actual variable overhead and actual fixed overhead. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the applied production overhead. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the entry to close underapplied or overapplied overhead into Cost of Goods Sold. Note: Enter debits before credits. General Journal Debit Transaction 3 Credit Record entry Clear entry View general journal