1 Data Table Estimated manufacturing overhead cost for the year Estimated direct labor cost for the year Actual manufacturing overhead cost for the year $ 150,000 93,750 118,000 Actual direct labor cost for the year 68,000 Print Done Requirement 2. Prepare the journal entry to allocate overhead cost for the year. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Dec. 31 verallocated manufacturing overhead. Accounts Payable Accounts Receivable Cash Requirement 3. Cost of Goods Sold Start by posting Finished Goods Inventory Manufacturing Overhead Raw Materials Inventory Choose from an Work-in-Process Inventory it. (Use the first available cell to post each amount. Do not input the balance in the T-account.) le to the next question. Requirement 3. Use a T-account to determine the amount of underallocated or overallocated manufacturing overhead. Start by posting the actual and allocated manufacturing overhead to the T-account. (Use the first available cell to post each amount. Do not input the balance in the T-account.) Manufacturing Overhead Manufacturing overhead is V by $ Requirement 4. Prepare the j overallocated t for the underallocated or overallocated manufacturing overhead. (Record debits first, then credits. Exclude explanations from journal entries.) Choose from any list or enter underallocated input fields and then continue to the next question. Requirement 4. Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 1. Compute the predetermined overhead allocation rate per direct labor dollar. Predetermined overhead allocation rate III ntry to allocate overhead cost for the year. (Record debits first, then credits. Exclude explanati Actual direct labor cost Actual overhead cost Estimated direct labor cost Estimated overhead cost Accounts Debit Credit