Star Promotions	Valle Builders
Indirect materials	$ 12,400	$ 7,500
Indirect labor	56,900	45,700
Other overhead	16,000	49,500
Overhead applied	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.

Req 1A Req 1B Req 2A Req 2B Determine whether overhead is overapplied or underapplied. Factory Overhead-Star Indirect materials Indirect labor Other overhead 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 S 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 1 Factory overhead Cost of goods sold Record entry Clear entry Credit View general journal Req 1A Reg 1B Req 2A Req 2B Determine whether overhead is overapplied or underapplied. Factory Overhead-Valle Indirect materials Indirect labor Other overhead View transaction list Journal entry worksheet