You are provided with the following summary of overhead-related costs for the most recent accounting period for a company that uses a single overhead account,Factory Overhead,into which it records both actual and standard overhead costs during the period:

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Required:Prepare the proper journal entry for each of the following events:
(a)Incurrence of actual FOH costs for the period.
(b)Incurrence of actual VOH costs for the period.
(c)Application of standard overhead costs to production (i.e. ,WIP inventory).
(d)Recording of standard overhead costs for units completed during the period.
(e)Recording of the four standard cost variances for the period.
(f)Closing the standard cost variances under the assumption that the company closes these variances entirely to Cost of Goods Sold (CGS).
(g)Closing the standard cost variances under the assumption that the company prorates the variances to the CGS and inventory accounts.
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You Are Provided with the Following Summary of Overhead-Related Costs