Yohan Company has the following balances in its direct materials and direct labor variance accounts at year$-$end:

Debit Credit

Direct Materials Price Variance $$13,950$

Direct Materials Usage Variance $$1,210$

Direct Labor Rate Variance $800$

Direct Labor Efficiency Variance $$12,340$

Unadjusted Cost of Goods Sold equals $$1,590,000,$ unadjusted Work in Process equals $$286,000,$ and unadjusted Finished Goods equals $$230,000.$

Required:

Question Content Area

$1.$ Assume that the ending balances in the variance accounts are immaterial and prepare the journal entries to close them to Cost of Goods Sold. Note: Close the variances with a debit balance first. If an amount box does not require an entry, leave it blank or enter $"0".$What if any ending balance in a vanance account that exceeds $$11,000$ is considered matens? $($a$)$ Close the immatenal vanance accounts to Cost of Goods Sold. $($b$)$ Frorate

the largest of the labor variances among Cost of Goods Sold, Work in Process, and Finished Goods on the basis of prime costs in these accounts. $($c$)$ Prorate the largest of the

material variances among Cost of Goods Sold, Work in Process, and Finished Goods on the basis of prime costs in these accounts. The prime cost in Cost of Goods Sold is

$$1,050,000,$ the prime cost in Work in Process is $$164,200,$ and the prime cost in Finished Goods is $$12$$$,000.$ If an amount box does not require an entry, leave it blank or

enter $"0".$

Note: Round all interim caloulations to thres decimal places, and round your final answers to the nearest dollar. Adjust credit entry for rounding to ensure debits equal credits in

journal entry:

$($a$)$

$($b$)$

Oirect Labor Efficiency Variance $$

$($c$)$

$x$

Finished Goods $$

Coot of Goods Sold $**$

$x$

Direct Materials Prict Vanmose $v$