$3,5 9-19 Allocating and adjusting manufacturing overhead Selected cost data for Classic Print Co. are as follows: 3,800 Estimated manufacturing overhead cost for the year $125,000 Estimated direct labor cost for the year 78,125 Actual manufacturing overhead cost for the year 116,000 Actual direct labor cost for the year 67.000 Requirements 1. 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 manu- facturing overhead. P1020 Allmandian and adinin f inurhood