QS 15.18 (Algo) Computing and recording over- or underapplied everhead LO P. 4 fstor cost is 3 iz1o00 compere ne under or overnpoled ovehead. Yrepare tne journal entry to ciose over- or unaerappiled overnead to cost or soods Sola. Journal entry worksheet Record the entry to close over- or underapplied overhead. Note: Enter debits before credits..