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this is the 3rd time I posted this question. is possible can can someone please help to get the right answer please. would you please
this is the 3rd time I posted this question. is possible can can someone please help to get the right answer please. would you please give a clear and correct answer. thank you so much!
Volte never has any work-In-process Inventorles and began the year with no finished goods inventory. Required: a. and b. What was the varlable overhead price varlance and the varlable overhead efficlency varlance for the perlod? c. Assume that Volte writes off all varlances to Cost of Goods Sold. Prepare the entrles Volte would make to record and close out the varlances. d. Assume that Volte prorates all varlances to approprlate accounts. Prepare the entrles Volte would make to record and close out the varlances. Answer is not complete. Complete this question by entering your answers in the tabs below. What was the variable overhead price variance and the variable overhead efficiency variance for the period? Note: Indicate the effect of each variance by selecting " F " for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Volte never has any work-In-process Inventorles and began the year with no finished goods inventory. Requlred: a. and b. What was the varlable overhead price varlance and the varlable overhead efficlency varlance for the perlod? c. Assume that Volte writes off all variances to Cost of Goods Sold. Prepare the entrles Volte would make to record and close out the varlances. d. Assume that Volte prorates all varlances to approprlate accounts. Prepare the entrles Volte would make to record and close out the varlances. Complete this question by entering your answers in the tabs below. Assume that Volte writes off all variances to Cost of Goods Sold. Prepare the entries Volte 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. Journal entry worksheet Record the purchase and use of variable overhead resources at an actual cost of $105,000 and the transfer to work in process at a standard cost of $2.75 per direct labor-hour. Note: Enter debits before credits. Volte never has any work-in-process inventories and began the year with no finished goods inventory. Required: a. and b. What was the variable overhead price variance and the variable overhead efficiency variance for the period? c. Assume that Volte writes off all variances to Cost of Goods Sold. Prepare the entries Volte would make to record and close out the variances. d. Assume that Volte prorates all variances to appropriate accounts. Prepare the entries Volte would make to record and close out the variances. Answer is not complete. Complete this question by entering your answers in the tabs below. Assume that Volte writes off all variances to Cost of Goods Sold. Prepare the entries Volte 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. Volte never has any work-In-process Inventorles and began the year with no finlshed goods inventory. Required: a. and b. What was the varlable overhead price varlance and the varlable overhead efficlency varlance for the period? c. Assume that Volte writes off all varlances to Cost of Goods Sold. Prepare the entrles Volte would make to record and close out the d. Assume that Volte prorates all varlances to approprlate accounts. Prepare the entrles Volte would make to record and close out the varlances. varlances. Complete this question by entering your answers in the tabs below. Assume that Volte prorates all variances to appropriate accounts. Prepare the entries Volte would make to record and close out the Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. variances. Journal entry worksheet Record the closure of variable overhead cost variances. Note: Enter debits before credits. Required: a. and b. What was the variable overhead price variance and the variable overhead efficiency variance for the period? c. Assume that Volte writes off all variances to Cost of Goods Sold. Prepare the entries Volte would make to record and close out the variances. d. Assume that Volte prorates all variances to appropriate accounts. Prepare the entries Volte would make to record and close out the variances. Complete this question by entering your answers in the tabs below. Assume that Volte writes off all variances to Cost of Goods Sold. Prepare the entries Volte 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. Journal entry worksheet Record the closure of variable overhead cost variances to Cost of Goods Sold. Note: Enter debils before credits. Requlred: a. ond b. What was the variable overhead price variance and the variable overhead efficiency variance for the period? c. Assume that Volte writes off all variances to Cost of Goods Sold. Prepare the entries Volte would make to record and close out the variances. d. Assume that Volte prorates all variances to appropriate accounts. Prepare the entries Volte would make to record and close out the variances. Complete this question by entering your answers in the tabs below. Assume that Volte prorates all variances to appropriate accounts. Prepare the entries Volte 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. Journal entry worksheet Record the purchase and use of variable overhead resources at an actual cost of $105,000 and the transfer to work in process at a standard cost of $2.75 per direct labor-hour. Note: Enter debits before credits. Volte never has any work-In-process inventorles and began the year with no finished goods Inventory. Required: a. and b. What was the varlable overhead price varlance and the varlable overhead efficlency varlance for the perlod? c. Assume that Volte writes off all varlances to Cost of Goods Sold. Prepare the entries Volte would make to record and close out the varlances. d. Assume that Volte prorates all varlances to appropriate accounts. Prepare the entries Volte would make to record and close out the varlances. Answer is not complete. Complete this question by entering your answers in the tabs below. Assume that Volte prorates all variances to appropriate accounts. Prepare the entries Volte 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 fieldStep by Step Solution
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