Which of the following journal entries is correct for closing out the variance accounts?

a. Sales Materials Usage Variance Labor Rate Variance Materials Price Variance Overhead Volume Variance Labor Efficiency Variance Overhead Budget Variance

b. Materials Price Variance Overhead Volume Variance Accounts Payable Materials Usage Variance Labor Rate Variance Labor Efficiency Variance Overhead Budget Variance

c. Materials Price Variance Overhead Volume Variance Cost of Goods Sold Materials Usage Variance Labor Rate Variance Labor Efficiency Variance Overhead Budget Variance

d. Materials Price Variance Overhead Budget Variance Accounts Receivable Materials Usage Variance Overhead Volume Variance Labor Efficiency Variance Labor Rate Variance: kl5