Patel and Sons, Inc., uses a standard cost system to apply overhead costs to units produced. Practical capacity for the plant is defined as 53,700 machine hours per year, which represents 26,850 units of output. Annual budgeted fixed overhead costs are $268,500 and the budgeted variable overhead cost rate is $3.20 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 20,700 units, which took 42,700 machine hours. Actual fixed overhead costs for the year amounted to $262,200 while the actual variable overhead cost per unit was $3.10.

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 CGS account at the end of the period.