Cost Management 6th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins

تمرين 35

As an extension of 15-26, assume that at the end of the year, management of Patel and Sons, Inc., decides that the overhead variances should be allocated to WIP Inventory, Finished Goods Inventory, and CGS using the following percentages: 10 percent, 20 percent, and 70 percent, respectively. Provide the proper journal entry to close out the manufacturing overhead variances for the year.