Atlace Manufacturers Uses a Standard Costing System $\begin{array}{cc}\text {Manufacturing overhead }\\\hline\begin{array}{ll|l}&95,000\\&&93,000& \\\end{array}\end{array}$

Atlace Manufacturers uses a standard costing system. The T-account for overhead is shown below: $\begin{array}{cc}\text {Manufacturing overhead }\\\hline\begin{array}{ll|l}&95,000\\&&93,000& \\\end{array}\end{array}$ In addition to the above, Atlace calculated the following overhead variances:
Variable overhead Cost variance: $5,000 F
Variable overhead Efficiency variance: $4,850 U
Fixed overhead Cost variance: $1,200 F
Fixed overhead Volume variance: $3,350 U
Give journal entry to close the overhead account and record the overhead variances.