At the Beginning of the Year, Forest Corporation Estimates Overhead

At the beginning of the year, Forest Corporation estimates overhead will be $175,000.If the actual overhead for the year is $165,000 and the applied overhead for the year is $120,000, what is the journal entry needed to reconcile the overhead variance? Assume that the overhead variance is immaterial.

A)


B)


C)

D)


E) None of these