4. At the beginning of the year, Mirmax set its predetermined overhead rate for movies produced during the year by using the following estimates: overhead costs, $2,021,000, and direct labor costs, $470,000. At year-end, the company's actual overhead costs for the year are $2,009,800 and actual direct labor costs for the year are $470,000. - Determine the predetermined overhead rate using estimated direct labor costs. - Enter the actual overhead costs incurred and the amount of overhead cost applied to movies during the year using the predetermined overhead rate. Determine whether overhead is over- or underapplied (and the amount) for the year. - Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold