1.42 points eBook Hint Print References Exercise 3-9 (Algo) Applying Overhead; T-accounts; Journal Entries [LO3-1, LO3-2, LO3-4] Harwood Company uses ajoborder costing system that applies overhead cost tojobs on the basis of machine-hours. The company's predetermined overhead rate of $2.80 per machine-hour was based on a cost formula that estimates $249,200 of total manufacturing overhead for an estimated activity level of 89,000 machine-hours. Required: 1. Assume that during the year the company works only 84,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts. 2A. Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead Taccount. 23. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 23 Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts. (Maintenance) 30,000 (a) (Direct materials) 800,000 (Indirect materials) 8,900 (Direct labor) 99,000 (Indirect labor) 80,000 (Overhead) (a) (Utilities) 43,000 (Insurance) 7,900 (Depreciation) 70,000 Balance I l Req 1 Req 2A Req 2B References Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account. manufacturing overhead HillQuestion 5 - Chp 3 Homework, X *Course Hero C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.syracuse.edu%252Fwebapps%252F... (1 G Google YouTube Image result for S... Set-Up | Proctorio 8yuh Chp 3 Homework, Due: Sunday, 10/2/2022 i Saved Help Save & Exit Submit Check my work 5 Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's predetermined overhead rate of $2.80 per machine-hour was based on a cost formula that estimates $249,200 of total manufacturing overhead for an estimated activity level of 89,000 machine-hours. 1.42 Required: points 1. Assume that during the year the company works only 84,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts. 2A. Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing eBook Overhead T-account. 2B. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. Hint Complete this question by entering your answers in the tabs below. Print Req 1 Req 2A Req 2B Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. (If no entry is required for a References transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry workshee No Event General Journal Debit Credit a. No Transaction Recorded Req 2A Req 2B > Mc Graw Hill