At the beginning of the year, Infodeo established its predetermined overhead rate for movies produced during the year by using the following cost predictions overhead costs $2,592,000, and direct labor costs, 5480.000. At year end the company's records show that actual overhead costs for the year are $2.952900 Actual direct labor cost had been assigned to jobs as follows Ravies completed and released Movie still in production Total actual direct labor Cout $500,000 4,000 3543,000 1. Determine the predetermined overhead rate for the year 263. Enter the overhead costs incurred and the amounts applied to movies during the year using the predetermined overhead rote and determine whether overhead is over applied or underapplied 4. Prepare the adjusting entry to allocate any over of underapplied overhead to cost of Goods Sold Complete this question by entering your answers in the tabs below. Re: Reg 2 and Reg4 Prepare the adjusting entry to allocate any over er underapplied overhead to cost of Goods Sold. . search 30'F Mostly doudy O BLS : 2 DI 2. 16 810 3 5 8 P w E O R Y U . F S G D H L J V x C B N M alt all