CHAPTER 4 12. MC.04.04 13. MC.04.06 14. MC.04.07 15. MC.04.09 16. MC.04.10 17. MC.04.11 18. MC.04.13...

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CHAPTER 4 12. MC.04.04 13. MC.04.06 14. MC.04.07 15. MC.04.09 16. MC.04.10 17. MC.04.11 18. MC.04.13 19. MC.04.14 20. BE.04.22A 21. BE.04.23A 22. BE.04.26A.ALGO 23. BE.04.32B 24. EX.04.36 25. EX.04.50.BLANKSHEET Progress: 21/25 items Assignment Score: 70% eBook Show Me How Overhead Variance (Over- or Underapplied), Closing to Cost of Goods Sold At the end of the year, Ilberg Company provided the following actual information: Overhead Direct labor cost $423,600 532,000 Ilberg uses normal costing and applies overhead at the rate of 80% of direct labor cost. At the end of the year, Cost of Goods Sold (before adjusting for any overhead variance) was $1,890,000. Required: 1. Calculate the overhead variance for the year. 2. Dispose of the overhead variance by adjusting Cost of Goods Sold. Adjusted COGS $ Check My Work Previous Next CO All work saved. Save and Exit Submit Assignment for Grading

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