Question

overhead variance over or underapplied closing to cost of goods sold at the end of the year, estes company provided the following actual information___________

Answer 1

The student is asking about overhead variance and its impact on the Cost of Goods Sold at the end of the year for the Estes Company in a business context.

Step-by-step explanation:

The subject of this question is Business. The student is asking about the overhead variance and whether it is over or underapplied at the end of the year in the context of the Estes Company. To determine this, we need more actual information from the company. However, typically, if the actual overhead costs exceed the allocated overhead costs, it is considered underapplied, and if the actual overhead costs are less than the allocated overhead costs, it is considered overapplied. The difference is then closed to the Cost of Goods Sold.