be stored and are purchased in bulk when prices are favorable. Per-unit standard product costs...

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Accounting

be stored and are purchased in bulk when prices are favorable. Per-unit standard product costs are material, $8(4 pounds); labor, $6(0.5 hour); and variable overhead, $4(based on direct labor hours). Budgeted fixed overhead is $54,000.
Jacobs accounts for all inventories and cost of goods sold at standard cost and records each variance in a separate account. The following data relate to May when 17,700 finished units were produced.
Record these entries using standard costs and include the appropriate materials variances.
b. Assuming employees worked 8,900 direct labor hours at an average hourly rate of $11.70, prepare a journal entry to record actual costs, standard costs, and any labor variances.
c. Assuming Jacobs' actual and applied variable overhead was $74,200 and that budgeted and actual fixed overhead incurred was $54,000, prepare a journal entry to record actual and standard overhead costs and any overhead variances.
Need help with the last part
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