Storm Concert Valle Home Promotions Builders Actual indirect materials costs $12 , 900 $ 6, 400 Actual indirect labor costs 55 , 700 47 , 500 Other overhead costs 16 , 500 48, 000 Overhead applied 91, 600 96 , 600 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 Factory OH Storm GJ Storm Valle GJ Valle Determine whether overhead is overapplied or underapplied. Factory Overhead-Storm Indirect materials Indirect labor Other overhead costs Factory OH Factory OH Storm GJ Storm Valle GJ Valle Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. View transaction list View journal entry worksheet X No Transaction General Journal Debit Credit A 1 Factory overhead Cost of goods sold Factory OH GJ Storm Factory OH Storm Valle GJ Valle Determine whether overhead is overapplied or underapplied. Factory Overhead-Valle Indirect materials Indirect labor Other overhead costs Underapplied overhead Factory OH Storm GJ Storm Factory OH Valle GJ Valle Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. View transaction list View journal entry worksheet X No Transaction General Journal Debit Credit A 1 Cost of goods sold Factory overhead