Cost Management: A Strategic Emphasis 7th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins

Exercise 36

Refer to the variances you calculated in conjunction with Brief Exercise 15-21 and to the information in Brief Exercises 15-16 and 15-18. Prepare the appropriate journal entries to record: (a) actual overhead costs for the year and applied overhead costs for the year (both variable and fixed), and (b) the three manufacturing cost variances calculated in Brief Exercise 15-21.