Storm Concert Promotions			Valle Home Builders
Actual indirect materials costs	$	11,900		$	6,200
Actual indirect labor costs		56,100			46,300
Other overhead costs		16,500			49,200
Overhead applied		91,000			97,100

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.

• Record the entry to close underapplied/overapplied overhead for Storm Concert Promotions.

Note: Enter debits before credits.

Determine whether overhead is overapplied or underapplied.

Factory Overhead-Valle

• GJ Storm

• Record the entry to close underapplied/overapplied overhead for Valle Home Builders.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
1

Please answer all 4 parts