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Volte Corporation produces small electric appllances. The following information is avallable for the most recent period of operations: Volte never has any work-In-process inventorles and began the year with no finished goods Inventory. Required: a. and b. What was the varlable overhead price varlance and the varlable overhead efficlency varlance for the perlod? c. Assume that Volte writes off all varlances to Cost of Goods Sold. Prepare the entrles Volte would make to record and close out the d. Assume that Volte prorates all varlances to approprlate accounts. Prepare the entrles Volte would make to record and close out the varlances. varlances. Answer is not complete. Complete this question by entering your answers in the tabs below. Assume that Volte writes off all variances to Cost of Goods Sold. Prepare the entries Volte would make to record and close out Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. the variances. a. and b. What was the varlable overhead price varlance and the varlable overhead efficlency varlance for the perlod? Requlred: c. Assume that Volte writes off all varlances to Cost of Goods Sold. Prepare the entrles Volte would make to record and close out the d. Assume that Volte prorates all varlances to approprlate accounts. Prepare the entrles Volte would make to record and close out the varlances. varlances. Answer is not complete. Complete this question by entering your answers in the tabs below. Assume that Volte prorates all variances to appropriate accounts. Prepare the entries Volte would make to record and close Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. out the variances. Volte Corporation produces small electric appllances. The following information is avallable for the most recent period of operations: Volte never has any work-In-process inventorles and began the year with no finished goods Inventory. Required: a. and b. What was the varlable overhead price varlance and the varlable overhead efficlency varlance for the perlod? c. Assume that Volte writes off all varlances to Cost of Goods Sold. Prepare the entrles Volte would make to record and close out the d. Assume that Volte prorates all varlances to approprlate accounts. Prepare the entrles Volte would make to record and close out the varlances. varlances. Answer is not complete. Complete this question by entering your answers in the tabs below. Assume that Volte writes off all variances to Cost of Goods Sold. Prepare the entries Volte would make to record and close out Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. the variances. a. and b. What was the varlable overhead price varlance and the varlable overhead efficlency varlance for the perlod? Requlred: c. Assume that Volte writes off all varlances to Cost of Goods Sold. Prepare the entrles Volte would make to record and close out the d. Assume that Volte prorates all varlances to approprlate accounts. Prepare the entrles Volte would make to record and close out the varlances. varlances. Answer is not complete. Complete this question by entering your answers in the tabs below. Assume that Volte prorates all variances to appropriate accounts. Prepare the entries Volte would make to record and close Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. out the variances