Warner Company has the following data for the past year:

Applied overhead:

Warner uses the overhead control account to accumulate both actual and applied overhead.

Required:

Calculate the overhead variance for the year.

$

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Partially correct

Provide the appropriate adjusting journal entry to close the overhead variance to Cost of Goods Sold.

Overhead Control $$

Cost of Goods Sold $$

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Check My Work Assume the variance calculated is material. After prorating, close the variances to the appropriate accounts. If an amount box does not require an entry, leave it blank.

Assume the variance calculated is material. After prorating, provide the final