Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions $12,500 56,000 17,400 93,900 Valle Home Builders $ 7,200 46,900 49,000 98, 100 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 G) Valle Determine whether overhead is overapplied or underapplied. Factory Overhead-Storm GJ Storm 5 Factory OH Storm Complete this question by entering your answers in the tabs below. GJ Storm Factory OH Factory OH Storm Valle G) 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 Debit Credit 1 View general journal Clear entry Record entry 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-Valle Factory OH Storm GJ Storm Factory OH Valle G) Valle Prepare the journal entry to allocate (close) overapplied or underapplied overhead to cost of Goods Sold. View transaction list Journal entry worksheet 1 Record the entry to close underapplied/overapplied overhead for Valle Home Builders. Note: Enter debits before credits. Credit Transaction obit General Journal 1 View general journal Clear entry Record entry GJ Valle