Save & EX Submit Submit At the beginning of the year, Infodeo established its predetermined overhead rate for movies produced during the year by using the following cost predictions overhead costs $1920,000, and direct labor costs, $480,000. At year-end, the company's records show that actual overhead costs for the year are $1,800,600. Actual direct labor cost had been 855 gned to jobs as follows. Movies completed and released Movie still in production Total actual direct labor cost $400,000 51.000 5453,000 5030 1. Determine the predetermined overhead rate for the year 263. Enter the overhead costs incurred and the amounts applied to movies during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied. 4. Prepare the adjusting entry to allocate any over or underapplied overhead to Cost of Goods Sold Complete this question by entering your answers in the tabs below. R1 2 and Re 4 Determine the predetermined overhead rate for the year Overhead Bate Chose Nomaster Choose Desoninator Overhead Rate Overato 1 Rey 2 and >>