$1.$ Bridgewood Company produces two products: Standard espresso machines and Deluxe espresso machines. Bridgewood uses a Product Costing system. Bridgewood uses a Normal Costing System and allocates overhead using an Activity$-$Based Costing system. The company$$s $2022$ budgeted overhead and budgeted driver unit consumption $($pooled across products$)$ are as follows:

On $3/17/22,$ Bridgewood completed $15$ setups for Deluxe espresso machines. On $6/30/22,$ Bridgewood depreciated its production equipment in the amount of $$25,000.$ On $10/4/22,$ Bridgewood engineers spent $90$ hours re$-$designing a component within Standard espresso machines. On $11/28/22,$ Bridgewood paid $$11,000$ for property taxes on its factory.

Assuming that the overhead variance is immaterial, prepare the journal entry to dispose of the company$$s overhead variance at $12/31/22.$