1. Hewitt Company’s output for the current period yields a $30,000 favorable overhead volume variance and a $50,400 unfavorable overhead controllable variance. Standard overhead charged to production for the period is $225,000. What is the actual total overhead cost incurred for the period?
2. Hewitt records standard costs in its accounts. Prepare the journal entry to charge overhead costs to the Goods in Process Inventory account and to record any variances.