| Marsh Concert Promotions | Ellis Home Builders | |||||
| Actual indirect materials costs | $ | 12,200 | $ | 6,600 | ||
| Actual indirect labor costs | 56,900 |  47,300 | ||||
| Other overhead costs | 16,800 | 48,500 | ||||
| Overhead applied | 92,900 | 98,000 | ||||
| Marsh Concert Promotions |
Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold.
Ellis Home Builders |
Determine whether overhead is overapplied or underapplied. |
Prepare journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold.
