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PLEASE HELP With everything that has a X next to it!!! Thank you in advance!!!! 3. Compute the fixed overhead spending and volume variances. begin{tabular}{lll}
PLEASE HELP With everything that has a X next to it!!! Thank you in advance!!!!
3. Compute the fixed overhead spending and volume variances. \begin{tabular}{lll} Spending Variance & $ & \\ Volume Variance & $ & \end{tabular} 4. Compute the variable overhead spending and efficiency variances. Spending Variance $ Efficiency Variance $ If an amount box does not require an entry, leave it blank. a. b. Work in Process Direct Materials Usage Variance Materials 530,400 c. Work in Process Direct Labor Efficiency Variance Direct Labor Rate Variance Wages Payable 183,600 ,4,400 d. \begin{tabular}{|c|c|c|} \hline 47,930 & x & \\ \hline & & 17,430 \\ \hline & & 30 \\ \hline \end{tabular} e. f. Prepare journal entries for the closing out of variances to Cost of Goods Sold. Post amounts from highest to lowest. If an amount box does not require an entry, leave it blank. First, close direct materials and direct labor variances: Feedback Check My Work 5. f. The variances are closed to Cost of Goods Sold. Then FOH and VOH are recognized. Last, the Control variances are closed to COGS. Second, recognize the overhead variances: Post amounts from highest to lowest. If an amount box does not require an entry, leave it blank
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