Marsh Concert Promotions Determine whether overhead is overapplied or underapplied.

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

Determine whether overhead is overapplied or underapplied.

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.