8. Disposition of variancos. Atlas Corporation uses standard costing in accounting for the manufacturing costs of its only product, Xerco Variances are allocated to the cost of goods sold and ending inventories. The following information was extracted from the corporation's books for January Debit $1,500 . Materials purchase price variance Matenals quantity variance.. Labor rato variance.. Labor efficiency variance Controllable varianco.. Volume variance... 250 290 120 The following inventories were on hand on January 31: Finished goods. Work in process Raw materials. 900 units 1,200 units nong The work in process inventory was 100% complete as to materials and 50% complete as to direct labor and factory overhead. During January, 1,500 units were sold. Required: Allocate the variances. Round distribution percentages to the nearest percent and allocations to the nearest dollar