Volte Corporation produces small electric appliances. The following information is avalable for the most recent period of operations 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 peniod? 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 vanances to approptiate 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. What was the variable overhead price variance and the variable overhead efficiency variance for the period? Note: Indicate the effect of each variance by solocting "F" for favorable, or " 4 " for unfavorable. If there is no effect, do not. Gelect either option. and b. What was the variable overhead price variance and the variable overhead efficiency variance for the period? Assume that Volte writes off all variances to Cost of Goods Sold. Prepare the entries Volte would make to record and close out the rariances. 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 purchase and use of variable overhead resources at an actual cost of $102,500 and the transfer to work in process at a standard cost of $2.70 per direct labor-hour. Neter Enter debita 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 varlances. 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 $102,500 and the tranater to work in process at a standard cost of $2.70 per direct laborhour. Holei Enfer debits beforn creitus