When the company closes its standard cost variances, the Cost of Goods Sold will increase (decrease) by: Multiple Choice $4,500) $4500 $96,955 $96,955) TB MC Qu. 10B-9 Isenberg Corporation manufactures one product. It.. Isenberg Corporation manufactures one product. It does not maintain any begir syst tem in which inventories are recorded at their any variances are variable manufacturing overhead costs. It recorded the following variances during the nning or ending Work in Process inventories. The company uses a standard cost standard costs and any variances are closed directly to Cost of Goods Sold. The company does not have any Materials price variance Materials quantity variance Labor rate variance Labor efficiency variance Fixed manufacturing overhead budget variance Fixed manufacturing overhead volume variance $90,320 u s see F 4,365 $16,000u 10,see u $15,000F When the company closes its standard cost varlances, the Cost of Goods Sold wil increase (dectease) by Corporation manufactures and sells 20,000 units of Product Z each year. In order to produce and sell this many units, it has been necessary for the compe pany requires a 20% rate of return on all i estments inpro ducts. Sell ng and administrative expenses to make an investment of $500,000 in Product Z. The com associated with Product Z total $200,000 pricing described in the text. The selling price for Product 7 is: per year. The unit product cost of Product Z is $20. The company uses the absorption costing approach to cost-plus Multiple Choice $25 $30 $35 $40