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  3. bullseye company manufactures dartboards. its stan

Bullseye Company manufactures dartboards. Its standard cost information follows: Standard Standard Price (Rate) Standard Unit...

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Bullseye Company manufactures dartboards. Its standard cost information follows: Standard Standard Price (Rate) Standard Unit Cost Quantity 2.5 sq. ft. 1.0 hr $ 1.2 per sq. ft. 10.25 per hr S 3.00 Direct materials (cork board) Direct labor 10.25 1.00 0.12 Variable manufacturing overhead (based on 1.00 per hr 1.0 hr direct labor hours) Fixed manufacturing overhead ($13,800 115,000 units) Bullseye has the following actual results for the month of September: Number of units produced and sold Number of square feet of corkboard used Cost of corkboard used Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 95,000 259,500 $ 337,350 103,000 $ 963,050 $ 51,750 $ 33,250 Required Prepare the journal entry to record Bullseye's fixed manufacturing overhead costs and related variances for last year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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