Proration -extra example Direct Hateria1 ork-in Gos Process Finished Cost of Goods inventory Inventory Inventory Sold Direct Material 5,000$ 10,000 1 000 30, 000 irect Labor 7, 500 22,500 45,000 Variable Overhead 3,750 11,250 22,50 Fixed Overhead Account Balance 55,000 26, 500$ 64,500 $129,000 The above represent the account balances and their composstion if Standard Products Inc. uses standard costs in its accounting system The following variances exist on the coppany's trial balance at ar-end: 8, 000 F ect Material EEE Direct Labor Price Varlance ng Variance le Overhea able Overhead Efficie s1,300 Fixed oveFhead Spe Fixed Overhead Production-Volume Variance $2,700 U Varlance Required: Prorate the variances among the appropriate accounta using the most accurate approach possible with the information gi ven Show proration calculations and corresponding journal entries. Also determine final ending balances for all four accounts, above Do not round your proportions - leave the tull decinal in your calculator: Round dollar anounts to the nearest who le dolar Proration -extra example Direct Hateria1 ork-in Gos Process Finished Cost of Goods inventory Inventory Inventory Sold Direct Material 5,000$ 10,000 1 000 30, 000 irect Labor 7, 500 22,500 45,000 Variable Overhead 3,750 11,250 22,50 Fixed Overhead Account Balance 55,000 26, 500$ 64,500 $129,000 The above represent the account balances and their composstion if Standard Products Inc. uses standard costs in its accounting system The following variances exist on the coppany's trial balance at ar-end: 8, 000 F ect Material EEE Direct Labor Price Varlance ng Variance le Overhea able Overhead Efficie s1,300 Fixed oveFhead Spe Fixed Overhead Production-Volume Variance $2,700 U Varlance Required: Prorate the variances among the appropriate accounta using the most accurate approach possible with the information gi ven Show proration calculations and corresponding journal entries. Also determine final ending balances for all four accounts, above Do not round your proportions - leave the tull decinal in your calculator: Round dollar anounts to the nearest who le dolar