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Accounting

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The final amounts were in for Sheffield Corp's fixed-MOH costs. The total fixed-MOH costs consisted of $2,400 of insurance (all prepaid), $3,700 in accrued supervisor salaries, $3,500 of factory-related depreciation, and $1,500 in property taxes (paid in cash). Sheffield's applied fixed-MOH costs amounted to $12,200 for the year. Further, both fixed-MOH variances were favorable, the price variance being $300 and the volume variance being $800. Record the following journal entries: (1) to recognize the actual fixed-MOH costs incurred, (2) the allocation of fixed - MOH to production, and (3) the final recognition of specific fixed-MOH variances (while closing out the control account). (Credit account titles are automatically indented when amount is entered. Do not indent monualiy. If no entry is required, select "No Entry" for the account tities and enter Ofor the amounts. List oll debit entries before credit entries:) No. Account Titles and Explanation (1) (2) Wip irventory Fiyed MOH Control (3) Credit \begin{tabular}{|r|} \hline 1100 \\ \hline \end{tabular} \begin{tabular}{|rr|r|} \hline & 1100 \\ \hline \end{tabular}

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