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: Activity Maintenance Budgeted OH Driver $ 10,000.00 Maintenance Hours Engineering support $ 3,000.00 Engineering Hours Setups $ 24,000.00 #Setups $ 37,000.00 Budgeted Driver Unit Consumption 500 100 12 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.