1016 chapter 19 Learning Objectives 3, 5 E19-19 Allocating and adjusting manufacturing overhead Selected cost data for Antique Poster Co. are as follows: 3. Underallocated by $4,800 Estimated manufacturing overhead cost for the year Estimated direct labor cost for the year $ 120,000 Actual manufacturing overhead cost for the year 100,000 Actual direct labor cost for the year 90,000 71,000 Requirements I. Compute the predetermined overhead allocation rate per direct labor dollar 2. Prepare the journal entry to allocate overhead costs for the year. 3. Use a T-account to determine the amount of underallocated or overallocated manufacturing overhead. 4. Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead