e https// tml Check my work mode : This shows what is correct or incorrect for the work you have completed so far. lt does not indicate complet Ret QS 15-11 Entry for over-or underapplied overhead LO P4 A company allocates 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 Determine whether there is over- or underapplied overhead using the T-account below 50,000 Prepare the entry to close over- or underapplied overhead to c of goods sold.