Kearl Company has the following manufacturing overhead variances:
Variable manufacturing overhead spending variance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$500 F
Variable manufacturing overhead efficiency variance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .350 U
Fixed manufacturing overhead budget variance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 870 U
Fixed manufacturing overhead volume variance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500 F
Make the journal entry necessary to close the manufacturing overhead account and recognize these variances.