MEWORK At the beginning of the year, Infodeo established its predetermined overhead rate for movies produced during the year by using the following cost predictions overhead costs, S1645,000 and direct labor costs, 5470,000. At year-end, the company's records show actual overhead costs for the year are $1,580,600. Actual direct labor cost had been assigned to jobs as follows $420,00 55,000 How completed and released movie still in production Total til tirect labor cost 1. Determine the predetermined overhead rate for the year 263. Enter the overhead costs incurred and the amounts applied to movies during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied 4. Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold Complete this question by entering your answers in the tabs below. R1 Reg 2 and 3 Red 4 Determine the predetermined averhead rate for the year Choose Denominator Overhead Ram and determine whether overhead is overapplied or underapplied. 4. Prepare the adjusting entry to allocate any over or underapplied overhead to Cost of Goods Soid. Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 Reg 4 Determine the predetermined overhead rate for the year. yerhead Rate Choose Denominator Choc Numerator Overhead Rate Overhead rate Req 2 and 3 > 6 and determine whether overhead is overapplied or underapplied 4. Prepare the adjusting entry to allocate any over- or underapplied overhead to cost of Goods Sold. Complete this question by entering your answers in the tabs below. 4 int 302222 Reg1 Reg 2 and 3 Reg 4 Enter the overhead costs incurred and the amounts applied during the year using the predetermined overhead rat determine whether overhead is overapplied or underapplied 0 0 View transaction list Journal entry worksheet 2. 1 Book Record entry to close underapplied /overapplied overhead. Hint Note: Enter debitis before credits Date General Journal Debit Credit Dec 31