Jimmy Author Company has the following data for the past year:

Actual overhead	$512,000
Applied overhead:
Work-in-process inventory	$125,000
Finished goods inventory	170,000
Cost of goods sold	150,000
Total	$445,000

Calculate the overhead variance for the year and close it to cost of goods sold. Provide all the details and working outs.

Can you please provide me the answer with in 15 minutes it will be so helpful.