At the Beginning of the Year,Shoeman Corporation Estimates Its Overhead

At the beginning of the year,Shoeman Corporation estimates its overhead for the year will be $150,000.Suppose the actual overhead for the year is $160,000 and the applied overhead for the year is $145,000.Assume that the overhead variance is immaterial.What journal entry is needed to reconcile the overhead variance?

A) Cost of Goods Sold 15,000Overhead Control 15,000
B) Overhead Control 15,000Cost of Goods Sold 15,000
C) Cost of Goods Sold 5,000Overhead Control 5,000
D) Overhead Control 5,000Cost of Goods Sold 5,000