Course: Intermec X Class ACCT 324 - x Question 2 - Hor X C Patel and Sons Ir x x Tableau Assign x Question 4 - Hot x Q chegg - Search X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewcon... A" G load Window... M McGraw-Hill Conne... YouTube Netflix 1 Blackboard Learn wp WileyPLUS Prime Video Homepage Course: Intermediat.. Homework: Ch 15 Indirect Cost Variances i Saved Help Save & Exit Required information 2 Journal entry worksheet Hill Search the web and Windows e 144 O VA V2 A 2 V R W E K G H S D pause E M B N X C altQuestion 2 - Hor x C Patel and Sons Ir X x Tableau_Assignn X Question 4 - Hor X Q chegg - Search X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewcon... Al G dow... M McGraw-Hill Conne... YouTube Netflix Rb Blackboard Learn we WileyPLUS Prime Video Homepage Course: Intermediat.. omework: Ch 15 Indirect Cost Variances i Saved Help Save & Exit Subr Required information 2 Journal entry worksheet Part 2 of 2 2 SHE Record the net variance allocated to ending inventories and Cost of goods sold. 10 points Note: Enter debits before credits. Transaction General Journal Debit Credit b Work in process inventory Finished goods inventory Cost of goods sold Total flexible-budget variance Production volume variance Record entry Clear entry View general journal Mc Graw Hill e W X orred ch the web and Windows delete 9 143 110 2 34 C U T R W K H S D pause F B N M VQuestion 2 - Hor X C Patel and Sons Ir X x Tableau Assignm X Question 4 - Hor x Q chegg - Search x + https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewcon... A" 18 G dow.. M McGraw-Hill Conne... YouTube Netflix Bb Blackboard Learn we WileyPLUS Prime Video Homepage Course: Intermediat.. mework: Ch 15 Indirect Cost Variances i Saved Help Save & Exit Submit [The following information applies to the questions displayed below.] 2 Patel and Sons Inc. uses a standard cost system to apply factory overhead costs to units produced. Practical capacity for the plant is defined as 55,800 machine hours per year, which represents 27,900 units of output. Annual budgeted fixed factory overhead costs are $279,000 and the budgeted variable factory overhead cost rate is $3.90 per unit. Factory overhead costs are applied on the basis of standard machine hours allowed for units produced. Budgeted and actual Part 2 of 2 output for the year was 21,700 units, which took 44,800 machine hours. Actual fixed factory overhead costs for the year amounted to $267,000 while the actual variable overhead cost per unit was $3.80. Based on the information provided above, provide an appropriate end-of-year closing entry for each of the following two independent oints situations: (a) the net factory overhead cost variance is closed entirely to Cost of Goods Sold (CSG), and (b) the net factory overhead variance is allocated among WIP Inventory, Finished Goods Inventory, and CGS using the following percentages: 10%, 20%, and 70%, respectively. (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 Record the net variance closed to cost of goods sold. Mc Hill W ch the web and Windows e 144 num lock verrnum O /2 3/4 o/O A P V R W K G H S pause N V B alt