Required information Exercise 15-14 Factory overhead computed, applied, and adjusted LO P3, P4 The following information applies to the questions displayed below) In December 2012. Infovision established its predetermined overhead rate for movies produced during year 2013 by using the following cost predictions: overhead costs $1.862.000, and direct labor costs. $490.000. At year end 2013, the company's records show that actual overhead costs for the year are $1.706100. Actual direct labor cost had been assigned to jobs as follows Movies completed and released Movies still in production $400,000 52.000 Total actual direct labor COSE $452.000 Exercise 15-14 Part 4 4. Prepare the adjusting entry to allocate any over- of underapplied overhead to Cort of Goods Sold thwinan Journal entry worksheet Rear BELLESSE Exercise 15-14 Part 4 4 Prepare the adjusting entry to allocate any over-or underapplied overhead to Cost of Goods Sold View transaction Bat Journal entry worksheet 1 Record entry to close underapplied /overapplied overhead. General Journal Debit CHA Date De 31 antry Cont Viongonana jaunas Pie Ne