Exercise $17-20($Algo$)$ Prorating Variable Overhead Cost Variances $($LO $17-1)$

Voife Corporation prodices small electric appliances. The following information is available for the most recent period of operations:Mctul waclubls evecheas dacutitedActial units soldthtomeve turs any work$-$in process inventories and began the year with no kinished goods ifventoryAequired:a$.$ and b$.$ What was the varable overhead prce variance and the vanable overhead efliciency warlance for the period?c$.$ Assume that Vole writes off all variances to Cost of Goods Sold. Prepare the entries Volte would make to record and ciose out the variances.d$.$ Assume that Votte prorates all variances to appropnate accounts. Prepare the ertries Volte would make to record and close out the varlances