If actual overhead for the year is $33,451 and applied overhead is $32,000,is the overhead variance overapplied or underapplied? Prepare the journal entry necessary to reconcile overhead.Assume the variance is immaterial.
Actual overhead is more than applied overhead so the overhead variance of $1,451 is underapplied.The journal entry would be:

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The Answer of If actual overhead for the year is $33,451 and applied overhead is $32,000,is the overhead variance overapplied or underapplied? Prepare the journal entry necessary to reconcile overhead.Assume the variance is immaterial.
Actual overhead is more than applied overhead so the overhead variance of $1,451 is underapplied.The journal entry would be:

If Actual Overhead for the Year Is $33,451 and Applied