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riscmer raunication reportea ule inuwing momaduon concerming its uirect materiais:

Direct materials purchased $($actual$)$

Standard cost of materials purchased

Standard price times actual amount of materials used

Actual production

Standard direct

Assume that Flscher Fabrication had no beginning finished goods Inventory and only produced one product. A count of Inventory showed that $4,528$ units remalned In the warehouse.

Required:

a$.$ Assume Fischer writes off all varlances to Cost of Goods Sold. Prepare the entries Fischer would make to record and close out the variances.

b$.$ Assume FIscher prorates all varlances to the approprlate accounts. Prepare the entries Flscher would make to record and close out the variances.

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ne Fischer writes off all variances to Cost of Goods Sold. Prepare the entries Fischer $1$ make to record and close out the variances.

If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the Show morev

Actual production

Assume that Flscher Fabrication had no beginning finished goods Inventory and only produced one product. A count of Inventory showed that $4,528$ units remalned in the warehouse.

Requlred:

a$.$ Assume FIscher writes off all variances to Cost of Goods Sold. Prepare the entries FIscher would make to record and close out the variances.

b$.$ Assume Flscher prorates all varlances to the approprlate accounts. Prepare the entries Flscher would make to record and close out the varlances.

rates all variances to the appropriate accounts. Prepare the entries Fischer rrd and close out the variances.

required for a transaction$/$event$,$ select $"$No journal entry required" in the

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