Actual indirect materials costs	$	12,600		$	6,700
Actual indirect labor costs		56,000			46,400
Other overhead costs		18,000			48,200
Overhead applied		93,800			95,900

Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold.

Determine whether overhead is overapplied or underapplied.

Factory Overhead-Storm

• Record the entry to close underapplied/overapplied overhead for Storm Concert Promotions.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
1

Determine whether overhead is overapplied or underapplied.

Factory Overhead-Valle

• Record the entry to close underapplied/overapplied overhead for Valle Home Builders.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
1