Overhead variance (over- or underapplied), closing to cost of goods sold

at the end of the year, ilberg company provided the following actual information:

overhead $423,600
direct labor cost 532,000
ilberg uses normal costing and applies overhead at the rate of 80% of direct labor cost. at the end of the year, cost of goods sold (before adjusting for any overhead variance) was $1,890,000.

dispose of the overhead variance by adjusting cost of goods sold. adjusted cogs $

calculate the overhead variance for the year. $

This question has two requirements answer of each requiremnt is given below.

Dispose of the overhead variance by adjusting Cost of Goods Sold. Adjusted COGS $

Applied Overhead = 532,000 * 80% =$ 425,600

This show that overhead are over apllied, so

Adjusted COGS = $1,890,000 - (425,600 -423,600)

                            = $ 1,888,000

Calculate the overhead variance for the year. $

Overhead variance = Applied Overhead - Actual Overhead

                                = 425,600 -423,600

                                = $ 2000 (Favorable variance)

answer; i believe the correct answer is (75 years);

answer///the madrid protocol;