Chapter 23, Problem 17QS

Preparing overhead entries P5

Refer to the information in QS 23-16. Alvarez records standard costs in its accounts. Prepare the journal entry to charge overhead costs to the

Work in Process Inventory account and to record any variances.

QS 23-16

Overhead cost variances

P3

Alvarez Company’s output for the current period yields a favorable overhead volume variance and a $60,400 unfavorable overhead controllable variance. Standard overhead applied to production for the period $225,000. What the actual total overhead cost incurred for the period?