Storm Valle Home Builders $7,300 46,800 48,500 97,800 Concert Promotions $12, 200 56,000 17,500 93,900 Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied 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 Valle Factory OH Storm GJ Valle GJ Storm Determine whether overhead is overapplied or underapplied. Factory Overhead-Storm > GJ Storm Journal entry worksheet A Record the entry to close underapplied/overapplied overhead for Storm Concert Promotions. Note: Enter debits before credits. Debit Credit Transaction General Journal 1 View general journal Clear entry Record entry > Factory OH Valle