Kenji was closing up shop for the season and for the fiscal year-end, as well. Managers had carefully evaluated the companys performance, comparing the actual results to budget. They even dug a little deeper into the flexible budget variances to determine the respective price and efficiency (or volume) variances. The following shows the framework used to determine these variancesalthough youll notice that they neglected to label the differences.

Actual Cost Unnamed Column Flexible Budget

DM 66,250 67,400 65,800

DL 86,700 84,120 82,900

Variable-MOH 40,100 41,680 43,400

Actual Cost Master Budget Applied Fixed-MOH

Fixed-MOH $52,000 $50,000 $51,500

Required

a. For each resource, calculate and label the differences between actual cost and the unnamed middle comparison point, as well as the differences between the unnamed middle comparison point and the flexible budget. Be sure to specify the name, amount, and sign of these variances.

b. Record the journal entry to write off these variances directly to COGS this period.

c. What is the effect of your journal entry from part (b) on COGS? If the balance in COGS immediately prior to this entry was $214,500, what is its new adjusted balance?

please show all calculations! thank you.