Actual indirect materials costs Actual indirect labor costs other overhead costs Overhiad applied Storm Concert Promotions $12,000 55,800 16,600 92,200 Valle Home Builders $ 6,400 47,000 48,000 95,500 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. Homework Saved Complete this question by entering your answers in the tabs below. Factory OH Storm GJ Storm Factory OH Valle GJ Valle Deternbine whether overhead is overapplied or underapplied. Factory Overhead-Storm Mwasons Journal entry worksheet