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Help!! Thank you 4 Required information [The following information applies to the questions displayed below.] Part 3 of 3 In December 2014, Infodeo established its

Help!! Thank you

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4 Required information [The following information applies to the questions displayed below.] Part 3 of 3 In December 2014, Infodeo established its predetermined overhead rate for movies produced during year 2015 by using the following cost predictions: overhead costs, $2,592,000,and direct labor costs, $480,000. At year-end 2015, the company's records show that actual overhead costs for the year are $2,952,700. Actual direct labor cost 20 had been assigned to jobs as follows. points 8 00:45:34 Movies completed and 500,000 released Movies still in production 49,000 Total actual direct labor cost $549,000 4. Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold. View transaction list Journal entry worksheet

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