Indirect materials Indirect labor Star Promotions $ 12,400 Other overhead Overhead applied Valle Builders $ 7,500 56,900 45,700 16,000 49,500 92,400 98,400 Star Promotions 1-a. Determine whether overhead is overapplied or underapplied. 1-b. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Builders 2-a. Determine whether overhead is overapplied or underapplied. 2-b. 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. Req 1A Req 1B Req 2A Req 2B Req 1A Req 1B Req 2A Req 2B Determine whether overhead is overapplied or underapplied. Factory Overhead-Star Indirect materials 12,400 Indirect labor 56,900 Other overhead 16,000 85,300 > Req 1A Req 1B Req 1A Req 1B Req 2A Req 2B Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods View transaction list Journal entry worksheet > A Record the entry to close underapplied/overapplied overhead for Star Promotions. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Factory overhead 7,100 Cost of goods sold 7,100 View general journal Record entry Clear entry Req 1A Req 1B Req 2A Req 2B Determine whether overhead is overapplied or underapplied. Factory Overhead-Valle Applied overhead 98,400 Overapplied overhead 102,700 Underapplied overhead 4,300 205,400 Req 1A Req 1B Req 2A Req 2B Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of G View transaction list Journal entry worksheet < A Record the entry to close underapplied/overapplied overhead for Valle Builders. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Cost of goods sold Factory overhead 4,300 4,300 Record entry Clear entry View general journal >