Question: could you please post on a spread sheet Exercise 19-27 (Algo) Computing applied overhead and closing over-or underapplied overhead LO P4 At the beginning of



Exercise 19-27 (Algo) Computing applied overhead and closing over-or underapplied overhead LO P4 At the beginning of the year, Mirmax set its predetermined overhead rate for movies produced during the year by using the following estimates: overhead costs, $2,550.000, and direct labor costs, $500.000. At year-end, the compariy's actual overhead costs for the year are $2,539.300 and actual direct labor costs for the year are $500.000 1. Determine the predetermined overhead rate using estimated direct labor costs 2. Enter the actual overhead costs incurred and the amount of overhead cost applied to movies during the year using the predetermined overhead rate. Determine whether overhead is over-or underapplied (and the amount) for the year. 3. Prepare the entry to close any over or underapplied overhead to Cost of Goods Sold Complete this question by entering your answers in the tabs below. complete this question by entering your answers in the tabs below. direct labor costs. Enter the actual overhead costs incurred and the amount of overhead cost applied to movies during the year using the predetermined overhead rate Determine whether overhead is over-or underapplied (and the amount) for the year. Journal entry worksheet Record entry to close underapplied /overapplied overhead
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