Please label everything how it is and fill out every single column

Check my work 14 Exercise 15-26 (Algo) Computing applied overhead and closing over- or underapplied overhead LO P4 1.54 points At the beginning of the year, Custom Manufacturing set its predetermined overhead rate using the following estimates: overhead costs, $1,040,000, and direct materials costs, $400,000.At year-end, the company reports that 03:37:09 actual overhead costs for the year are $1,049,400. Skipped 1. Determine the predetermined overhead rate using estimated direct materials costs 2. Enter the actual overhead costs incurred and the amount of overhead cost applied to jobs during the year using the predetermined overhead rate. Determine whether overhead is over- or underapplied (and the amount) for the year. eBook 3. Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Required 3 Print Determine the predetermined overhead rate using estimated direct materials costs References Overhead Rate Numerator: Denominator: Overhead Rate = Overhead rate 0 Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Required 3 Print Enter the actual overhead costs incurred and the amount of overhead cost applied to jobs during the year using the predetermined overhead rate. Determine whether overhead is over- or underapplied (and the amount) for the year. References Factory Overhead Required 1 Required 2 Required 3 Print Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold. References View transaction list Journal entry worksheet Close underapplied overhead to COGS. Note: Enter debits before credits Date General Journal Debit Credit December 31 Record entry Clear entry View general journal