Patel and Sons Inc. uses a standard cost system to apply factory overhead costs to units

produced. Practical capacity for the plant is defined as $54,300$ machine hours per year, which

represents $27,150$ units of output. Annual budgeted fixed factory overhead costs are $$271,500$

and the budgeted variable factory overhead cost rate is $$3\mathrm{.}40$ per unit. Factory overhead costs

are applied on the basis of standard machine hours allowed for units produced. Budgeted and

actual output for the year was $20,900$ units, which took $43,300$ machine hours. Actual fixed

factory overhead costs for the year amounted to $$261,500$ while the actual variable overhead

cost per unit was $$3\mathrm{.}30.$

Based on the information provided above, provide the appropriate journal entries: $($a$)$ to record the overhead cost

variances for the period $($thereby closing out the balance in the Factory Overhead account$),$ and $($b$)$ to close the

variance accounts to the Cost of Goods Sold $($CGS$)$ account at the end of the period. $($Do not round intermediate

calculations. Round your final answers to nearest whole dollar amount. If no entry is required for a

transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$