Ster Promotions 1-a. Determine whether overhead is overapplied or underapplied. 1-b. Prepare the joumal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Volle Builders 2-0. 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 bolow. Determine whether overhead is overapplied or underapplied