By year-end, Novak Corp. had recognized standard cost variances for all of its production costs, including DM, DL, variable-MOH, and fixed-MOH. The following variances exist per the trial balances; the balance of COGS at this time is $117.140. DM price variance $5,350 Credit Variable-MOH price variance $3,860 Debit DM efficiency variance 3,640 Debit Variable-MOH efficiency variance DL price variance 1.760 Debit Fixed-MOH price variance 260 Debit 2,100 Debit DL efficiency variance 2,105 Credit Fixed-MOH volume variance 1,030 Credit Record the journal entry to write off these variances directly to COGS. Make note of the adjusted COGS balance after this entry is posted. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries) Account Titles and Explanation Debit Credit