Check my work Exercise 15-25 (Algo) Closing over- or underapplied overhead LO P4 Star Valle Promotions Builders Indirect materials $ 12, 000 $ 6,800 Indirect labor 55, 300 45, 900 Other overhead 16, 600 48,900 Overhead applied 91 , 000 97, 500 Star Promotions 1-a. Determine whether overhead is overapplied or underapplied. 1-b. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Builders 2-a. Determine whether overhead is overapplied or underapplied. 2-b. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold.Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Determine whether overhead is overapplied or underapplied. Factory Overhead-Star Record the entry to close underappliedfoverapplied overhead for Star Promotions. Note: Enter debits before credits. Record entry View general journal Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Determine whether overhead is overapplied or underapplied. Factory Overhead-Valle Journal entry worksheet A Record the entry to close underapplied/overapplied overhead for Valle Builders. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal