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most of my answers are not correct, so you will probably just want to start from scratch Required: a. and b. What was the variable
most of my answers are not correct, so you will probably just want to start from scratch
Required: a. and b. What was the variable overhead price variance and the variable overhead efficiency varlance for the period? c. Assume that Volte writes off all variances to Cost of Goods Sold. Prepare the entries Volte would make to record and close out the variances. d. Assume that Volte prorates all variances to appropriate accounts. Prepare the entries Volte would make to record and close out the variances. Complete this question by entering your answers in the tabs below. Assume that Volte prorates all varances to oppropriate accounts. Prepare the entries Volte would make to record and ciose out the variances. Yariances: Note: if no entry is tequired for a transactionvevent, select "No journal entry required" in the first account field. Journal entry worksheet Recerd the purchase and use of variable overhead rescurces at an actual cost of $120,000 and the transer to work in process at a standard cost of $3.05 per direct labor-hour. Required: a. and b. What was the variable overhead price variance and the variable overhead efficiency variance for the period? c. Assume that Volte writes off all variances to Cost of Goods Sold. Prepare the entries Volte would make to fecord and close out the variances. d. Assume that Volte prorates all variances to appropriate accounts. Prepare the entries Volte would make to record and close out the variances. Complete this question by entering your answers in the tabs below. Assume that Volte writes off ali varances to Cost of Goods Sold. Prepare the entries Volte would make to record and close out the variances. Note: If no entry is required for a transaction/event, select "Wo poumal entry required" in the first account field. Journal entry worksheet Record the closure of variable everhead cost variances to Cost of Gecds 5eld. Required: a. and b. What was the variable overhead price variance and the variable overhead efficiency variance for the period? c. Assume that Volte writes off all variances to Cost of Goods Sold. Prepare the entries Volte would make to record and close out the variances. d. Assume that Volte prorates all variances to appropriate accounts. Prepare the entries Volte would make to record and close out the variances. Complete this question by entering your answers in the tabs below. Assume that Volte prorates all variances to appropriate accounts. Prepare the entries Volte would make to record and close out the variances. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the closure of variable overhead cost variances. Note: Enter debits before credats. Volte Corporation produces small electric appliances. The following information is available for the most recent period of operations: Volte never has any work-in-process inventories and began the year with no finished goods inventory. Required: a. and b. What was the variable overhead price variance and the variable overhead efficiency variance for the period? c. Assume that Volte writes off all variances to Cost of Goods Sold. Prepare the entries Volte would make to record and close out the variances. d. Assume that Volte prorates all variances to appropriate accounts. Prepare the entries Volte would make to record and close ou the variances. Required: a. and b. What was the variable overhead price variance and the variable overhead efficiency variance for the period? c. Assume that Volte writes off all variances to Cost of Goods Sold. Prepare the entries Volte would make to record and close on the variances. d. Assume that Volte prorates all variances to appropriate accounts. Prepare the entries Volte would make to record and ciose the variances. Complete this question by entering your answers in the tabs below. Assume that Volte writes off all variances to Cost of Goods Sold. Prepare the entries Volte would make to record and close out the variances. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the purchase and use of variable overhead resources at an actual cost of $120,000 and the transfer to work in process at a standord cost of $3.05 per direct labor-hour. Note: Enter debits before creans. Volte Corporation produces small electric applances. The following information is available for the most recent period of operations: Volte never has aryy work-in-process inventories and began the year with no finished goods inventory. Required: a. and b. What was the variable cwerheod price variance and the variable overhead efficlency variance for the period? c. Assume that Volte writes off all variances to Cost of Goods Sold. Prepare the entries Volte would make to record and close out the variances d. Assume that Volte prorates all variances to appropriate accounts. Prepare the entries Volte would make to record and close out the variances. Q Answer is not complete. Complete this question by entering your answers in the tabs below. What was the varbobie ovecheed price variance and the variable overhesd efficiency variance for the periscl seled either option Step by Step Solution
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