Fischer Fabrication reported the following information concerning its direct materials:

Direct materials purchased (actual)	$ 365,000
Standard cost of materials purchased	$ 352,000
Standard price times actual amount of materials used	$ 324,000
Actual production	55,000	units
Standard direct materials costs per unit produced	$ 6

Assume that Fischer Fabrication had no beginning finished goods inventory and only produced one product. A count of inventory showed that 4,400 units remained in the warehouse.

Required:

a. Assume Fischer writes off all variances to Cost of Goods Sold. Prepare the entries Fischer would make to record and close out the variances. b. Assume Fischer prorates all variances to the appropriate accounts. Prepare the entries Fischer would make to record and close out the variances.