1 Exercise 19-16 Factory overhead computed, applied, and adjusted LO P3, P4 At the beginning of the year, Infodeo established its predetermined overhead rate for movies produced during the year by using the following cost predictions overhead costs $2,350,000, and direct labor costs, $470,000 At year-end, the company's records show that actual overhead costs for the year are $1,238,500. Actual direct labor cost had been assigned to jobs as follows: Nerit completed and released Mis still in predetish Total sud direct labore $200.000 50.000 1.350.000 1. Determine the predetermined overhead rate for the year. 283. Enter the overhead costs incurred and the amounts applied to movies 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 1 Red 2 and 3 Reg 4 Determine the predetermined overhead rate for the year Choose Numerator Dysh Rate Choose Denominator Overhead Rate Overhead rate 7 Req2 and 3 > Exercise 19-16 Factory overhead computed, applied, and adjusted LO P3, P4 At the beginning of the year, Infodeo established its predetermined overhead rate for movies produced during the year by using the following cost predictions overhead costs, $2,350,000, and direct labor costs, $470,000 At year-end, the company's records show that actual overhead costs for the year are $1,238,500 Actual direct labor cost had been assigned to jobs as follows. Movies completed and released Movie still in production Total etwa dir et laborest $ 200,000 50,000 $ 250,000 1. Determine the predetermined overhead rate for the year 283. Enter the overhead costs incurred and the amounts applied to movies 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 1 Reg 2 and 3 Reg 4 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. 283. Enter the overhead costs incurred and the amounts applied to movies 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 1 Reg 2 and 3 Reg 4 Prepare the adjusting entry to allocate any over- or underapplied overhead to cost of Goods Sold. View transaction list Journal entry worksheet 1 Record entry to close underapplied /overapplied overhead, Note: Enter debits before credits General Journal Debit Credit Date Dec 31 Record entry Clear entry View general jooma!