Overhead Variances and Their Disposal Warner Company has the following data for the past year: Actual...

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Overhead Variances and Their Disposal Warner Company has the following data for the past year: Actual overhead $182,000 Appli

Required: 1. Calculate the overhead variance for the year. $ 38,000 ✓ Overapplied Feedback Check My Work Correct Provide the

2. Assume the variance calculated is material. After prorating, close the variances to the appropriate accounts. If an amount 3. What if the variance is of the opposite sign calculated in Requirement 1? Provide the appropriate adjusting journal entrie

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