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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, $2,401,000, and direct labor costs, $490,000. At year-end, the company's records show that actual overhead costs for the year are $2.214,600. Actual direct labor cost had been assigned to jobs as follows, Movies completed and released Movies still in production Total actual direct labor cost $400,000 54,089 $454,000 1. Determine the predetermined overhead rate for the year 2&3. 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. Req1 Reg 2 and 3 Req 4 Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold View transaction list Journal entry worksheet Record entry to close underapplied /overapplied overhead Charger S. tallet 241 A 6 2 3 1 0 4 5 7 B 9 Q w E R T Y U 0 P A S D F G H J K L. N Z C V B N M X mption command Command 2-3-4 A weg of need to produced the way credo che, 12.40.000.000 Menon had comfort 12.2000 Accordemed to be . Hotellit te were they 383. Get connected www. 4. The increded to Color Good So congue that by entering the table wa SEE 2