Storm Concert Promotions			Valle Home Builders
Actual indirect materials costs	$	11,500		$	6,200
Actual indirect labor costs		56,500			46,300
Other overhead costs		17,200			50,000
Overhead applied		92,000			98,200

Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. 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 below.

• Factory OH Storm
• GJ Storm
• Factory OH Valle
• GJ Valle

Determine whether overhead is overapplied or underapplied.

Factory Overhead-Storm