1 1 Check my work Exercise 15-15 Factory overhead computed, applied, and adjusted LO P3, P4 7 points At the beginning of the year. Custom Mig established its predetermined overhead rate by using the following cost predictions overhead costs $640,000, and direct materials costs. $200.000. At year-end, the company's records show that actual overhead costs for the year are 51,650,200. Actual direct materials cost had been assigned to jobs as follows. Book Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials coct $390, 73,600 50,000 $513,000 ce 1. Determine the predetermined overhead rate 283. Enter the overhead costs incurred and the amounts applied to jobs during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied 4. Prepare the adjusting entry to allocate any over or underapplied overhead to Cost of Goods Sold Complete this question by entering your answers in the tabs below. Reg! Reg 2 and 3 Fea- 1. Check my work 1. Determine the predetermined overhead rate 263. Enter the overhead costs incurred and the amounts applied to jobs during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied 4. Prepare the adjusting entry to allocate any over or underapplied overhead to Cost of Goods Sold ook Complete this question by entering your answers in the tabs below. int Req1 Reg 2 and 3 Reg 4 int Determine the predetermined overhead rate ences Choose Numerator Overhead Rate Choose Denaminator Overhead Rate Overhead rate Req 2 and 3 > Check my 1. Determine the predetermined overhead rate 263. Enter the overhead costs incurred and the amounts applied to jobs during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied 4. Prepare the adjusting entry to allocate any over-or underapplied overhead to Cost of Goods Sold 7 points Complete this question by entering your answers in the tabs below. eBook Hint AK Reg 1 Reg 2 and 3 Reg 4 Print Enter the overhead costs incurred and the amounts applied during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied. References Factory Overhead 1 View warisucu Journal entry worksheet