Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions $11,800 56,300 17,800 93,200 Valle Home Builders $ 6,300 46,200 49,600 96,700 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. 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. Indirect materials Indirect labor Other overhead costs Factory Overhead-Storm 11,800 93,200 Applied overhead 56,300 17,800 [ 7,300 Factory OH Storm GJ Storm Factory OH Valle GJ Valle Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. View transaction list Journal entry worksheet Record the entry to close underapplied/overapplied overhead for Storm Concert Promotions. Note: Enter debits before credits. Transaction General Journal Credit Debit 7,300 Factory overhead Cost of goods sold 7,300 Record entry Clear entry View general journal 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. 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. Indirect materials Indirect labor Other overhead costs Factory Overhead-Valle 6,300 96,700 Applied overhead 46,200 49,600 1 5 ,400 GJ Storm GJ Valle > View transaction list Journal entry worksheet Record the entry to close underapplied/overapplied overhead for Valle Home Builders. Note: Enter debits before credits. Transaction Credit General Journal Cost of goods sold Factory overhead Debit 5,400 5,400 Record entry Clear entry View general journal Factory OH Valle GJ Valle )