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Patel and Sons Incorporated uses a standard cost system to apply factory overhead costs to units produced. Practical capacity for the plant is defined as $50,000$ machine hours per year, which represents $25,000$ units of output. Annual budgeted fixed factory overhead costs are $$250,000$ and the budgeted variable factory overhead cost rate is $$4$ 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 $20,000$ units, which took $41,000$ machine hours. Actual fixed factory overhead costs for the year amounted to $$245,000,$ while the actual variable overhead cost per unit was $$3\mathrm{.}90.$

Based on the information provided above, provide an appropriate end$-$of$-$year closing entry for each of the following two independent situations: $($a$)$ the net factory overhead cost variance is closed entirely to Cost of Goods Sold $($CSG$),$ and $($b$)$ the net factory overhead variance is allocated among WIP Inventory, Finished Goods Inventory, and CGS using the following percentages: $10\%,20\%,$ and $70\%,$ respectively. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

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variance is allocated among WIP Inventory, rInIshed Goods Inventory, and LGS using the tollowing percentages: $1U\%\frac{,}{{?}_U}\%,$ and $\frac{?}{?}\%,$ respectively. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Journal entry worksheet

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Record the net variance closed to cost of goods sold.

Note: Enter debits before credits.