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Star Promotions Valle Builders Indirect materials $ 1 1 , 4 0 0 $ 6 , 2 0 0 Indirect labor 5 5 , 6

Star Promotions Valle Builders
Indirect materials $ 11,400 $ 6,200
Indirect labor 55,60047,500
Other overhead 17,20049,000
Overhead applied 91,20097,900
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.

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