Overhead Variances and Their Disposal Warner Company has the following data for the past year: Warner uses the overhead control account to accumulate both actual and applied overhead. Required: 1. Calculate the overhead variance for the year: Provide the appropriate adjusting journal entry to close the overhead variance to Cost of Goods Sold. 1. Calculate the overhead variance for the year. Provide the appropriate adjusting journal entry to close the overhead variance to cost of Goods Sold. 2. Assume the variance calculated is material. After prorating, close the variances to the appropriate accounts. If an amount box does n require an entry, leave it blank. Assume the variance calculated is material. After prorating, provide the final ending balances of these accounts. 3. What if the variance is of the opposite sign calculated in Requirement 1? Provide the appropriate adjusting journal entrie: Requirements 1 and 2. For a compound transaction, if an amount box does not require an entry, leave it blank