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Post Parts manufactures componenS S di at the beginning of the year that 025 hour. During the year, the company remaining in the warehouse. There are labor costs for the year amounted to Required: t ce nd the direc la o effl I a. and b. What was the direct labo pri just ended was Post's first year of operations and tment Of the direct labor costs. Post set a standard output, The standard rate for direct labor is $50 per dirig finished goods inventory showed 15,480 units c. Assume Post writes off all variances to Cost of Goods Sold. Prepar th entrieS cook would make to record and close out the variances. d. Assume Post prorates all variances to the appropriate accounts. Prepare the entries Post would make to record and close out the variances. Complete this question by entering your.nswers in the tabs below. Req C Req A and B Req D Assume Post writes off all variances to Cost of Goods Sold. Prepare the entries Cook 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. View transaction list Journal entry worksheet Record the closure of direct labor cost variances to Cost of Goods: Sold Notef Enter debits before credits Event General Journal Direct labor efficiency variance Cost of goods sold Direct labor price variance Clear entry Debi 131 16,750 50 View general journal