5 ! Required information Exercise 19-15 Factory overhead computed, applied, and adjusted LO P3, P4 Part 2 of 3 [The following information applies to the questions displayed below.] In December 2012, Cardozo Company established its predetermined overhead rate for jobs produced during year 2013 by using the following cost predictions: overhead costs, $1,800,000, and direct labor costs, $600,000. At year end 2013, the company's records show that actual overhead costs for the year are $1,611,300. Actual direct labor cost had been assigned to jobs as follows. 0.4 points 410,000 Jobs completed and sold $ Jobs in finished goods inventory Jobs in goods in process inventory 71,000 53,000 $534,000 Total actual direct labor cost Exercise 19-15 Part 2&3 2&3.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 (and the amount) during the year. Answer is not complete. Factory Overhead Actual overhead 1,611,300 Actual overhead Applied overhead Underapplied overhead 1,602,000 9,300 Underapplied overhead 18,600 Exercise 19-15 Part 4 4. Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold View journal entry worksheet View transaction list General Journal No Date Debit Credit Cost of goods sold Factory overhead 9,300 1 Dec. 31 9,300