Actual indirect materials costs Actual Indirect labor costs Other overhead costs. Overhead applied Storm Concert Promotions Storm Concert Promotions $22,000 46,000 17,000 88,200 Valle Home Builders $ 12,500 46,500 47,000 105,200 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 G) Storm Factory OH Valle GJ Valle Determine whether overhead is overapplied or underapplied. Factory Overhead-Storm 72 80000 000 GJ Storm> < Prev 14 of 16 Next > MacBook Air