Help DAVET SOM Check my work 1 At the beginning of the year. Custom Mig established its predetermined overhead rate by using the following cost predictions overhead costs, 5750,000, and direct materials costs, $300,000 At year-end, the company's records show that actual overhead costs for the year are $1,331,300 Actual direct materials cost had been assigned to jobs as follows Jobis completed and told Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $400,000 79,000 se, $529, eee 000 1. Determine the predetermined overhead rate 2&3. Enter the overhead costs incurred and the amounts applied to jobs during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied. 4. Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Reg4 Prepare the adtusting entry to allocate anv.over- or underapplied overhead to Cost of Goods Sold Complete this question by entering your answers in the tabs below. ok Req 1 Req 2 and 3 Req 4 Determine the predetermined overhead rate. K It Choose Numerator: Overhead Rate 1 Choose Denominator: 1 = nces Overhead Rate Overhead rate 0 Req 2 and 3 > 4. Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost ats Complete this question by entering your answers in the tabs below. eBook Req 1 Req 2 and 3 Req 4 Hint Ask Print Enter the overhead costs incurred and the amounts applied during the year using the pr determine whether overhead is overapplied or underapplied. Factory Overhead Actual overhead Underapplied overhead eferences 0 Journal entry worksheet 1 Record entry to allocate underapplied /overapplied overhead. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal