Ch 15 20 QS 15-11 Entry for over- or underapplied overhead LO P4 A company applies overhead at a rate of 150% of direct labor cost. Actual overhead cost for the current period is $950,000, and direct labor cost is $600,000 025 Determine whether there is over or underapplied overhead using the T-account below Factory Overhead Prepare the journal entry to close over or underapplied overed to cost of goods sold Type here to search Ch 15 20 Prepare the journal entry to close over- or underapplied overhead to cost of goods sold. 0.25 points View transaction list Journal entry worksheet Record the entry to close over or underapplied overhead. Note Enter debits before credits General Journal Henry Clenenley View al journal 20 of 45