Hello,

Can you please answer the following questions and show your work?

Overhead Variance (Over- or Underapplied), Closing to Cost of Goods Sold At the end of the year, Ilberg Company provided the following actual information: Ilberg uses normal costing and applies overhead at the rate of 75 percent of direct labor cost. At the end of the year, Cost of Goods Sold (before adjusting for any overhead variance) was $904,000. 1. Calculate the overhead variance for the year