Estimated data for a company for Year are:

Total manufacturing overhead $

Direct labor hours hours

Actual data for this company for Year are:

Total manufacturing overhead $

Direct labor hours hours

The manufacturing overhead rate is determined on the basis of direct labor hours.

What is the amount of overapplied or underapplied overhead for this company for Year

$ overapplied

$ underapplied

$ overapplied

$ underapplied

A company has decided that direct labor hours are a good basis on which to apply overhead to production. The following data are for the most recent year:

Budgeted number of Direct Labor Hours Worked hours

Budgeted amount of Manufacturing Overhead $

Actual number of Direct Labor Hours Worked hours

Actual amount of Manufacturing Overhead $

What should be included in the journal entry to close this company\'s manufacturing overhead account for the year?

Credit to Cost of Goods sold for $

Credit to Manufacturing Overhead for $

Credit to Cost of Goods sold for $

Credit to Manufacturing Overhead for $

Credit to Cost of Goods sold for $

Credit to Manufacturing Overhead for $