(Solved): Exercise 15-25 (Algo) Closing over- or underapplied overhead LO P4 Star Promotions 1-a. Determine w ...

Exercise 15-25 (Algo) Closing over- or underapplied overhead LO P4 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.