TC59TC60TC275TC64TC65TC283Costing Engine has processed the transaction Role: Kimray Cost Accountant Using the Global search open WO1301 Click on the related records tab. Click on the link for the associated Work Order Close WOI2603 to view it. Click on the GL Impact tab WIP debit balances from the components on WO Issue are credited on the WO Close WIP credit balances from the assembly on WO Completions are debited on the WO Close Variances in expected vs actual quantity for either materials or labor are posted to 510060 Production Quantity Variance Differences in expected vs actual rate for either materials or labor are posted to 510070 Production Price Variance Return to the Work Order WO1301 and click on the Cost Variance Analysis Report Summary Section: Review Planned Cost and Planned Cost Per Unit Review Actual Cost and Actual Cost Per Unit Review Cost Variance and Cost Variance Per Unit. Cost Category Tab Includes a breakdown by Cost Category of Planned vs Actual Cost for materials Component Tab Includes a breakdown of Planned vs Actual cost by Component Item Conversion Costs Includes a breakdown of Planned vs Actual costs for Labor. Validate correctness of closing entries