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

Debit Credit

direct materials price variance $1000

direct materials quantity variance 2000

direct labor rate variance 500

direct labor efficiency variance 3000

Unadjusted COGS equals $200,000. Which of the following would be FALSE when the year end closing entry is made?

a. the direct labor rate variance account will be credited.

b. the direct materials price variance account will be debited.

c.the cogs account will be debited.

d. Adjusted cogs will be $198,500.