Star PromotionsValle BuildersIndirect materials$ 12,200$ 7,300Indirect labor56,40046,500Other overhead17,00049,200Overhead applied92,30097,600

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.