Required information [The following information applies to the questions displayed below.] 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 \\( \\$ 3.90 \\). ased on the information provided above, provide an appropriate end-of-year closing entry for each of the following two independent tuations: (a) the net factory overhead cost variance is closed entirely to Cost of Goods Sold (CSG), and (b) the net factory overhead ariance is allocated among WIP Inventory, Finished Goods Inventory, and CGS using the following percentages: 10\\%, 20\\%, and 70\\%, espectively. (If no entry is required for a transaction/event, select \"No journal entry required\" in the first account field.) Journal entry worksheet Record the net variance closed to cost of goods sold. Note: Enter debits before credits