Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions Storm Concert Promotions Valle Home Builders. $12,400 $ 6,100 56,900 46,000 17,200 49,200 93,000 96,900 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. Complete this question by entering your answers in the tabs below. Factory OH Storm GJ Storm Factory OH Valle GJ Valle Determine whether overhead is overapplied or underapplied. Factory Overhead-Storm