Question: (b) Record the journal entry to write off these variances directly to COGS this period. COGS $3000 DM Price Variance 500 Variable-MOH Efficiency Variance 2100

(b) Record the journal entry to write off these variances directly to COGS this period. COGS $3000 DM Price Variance 500 Variable-MOH Efficiency Variance 2100 Fixed-MOH Volume Variance 1800 Variable -MOH Price Variance 1500 DL Price Variance $2450 DM Efficiency variance 2100 Fixed - MOH price variance 2600 DL Efficiency Variance 1750 (c) What is the effect of your journal entry from part (b) on COGS? If the balance in COGS immediately prior to this entry was $214,000, what is the new adjusted balance? The effect on COGS is to ___________ it by $________ New adjusted balance $

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