A Requirements 1. Compute the predetermined overhead allocation rate per direct labor dollar. 2. Prepare the journal entry to allocate overhead cost for the year. 3. Use a T-account to determine the amount of underallocated or overallocated maunfacturing overhead. 4. Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead. Print Done Selected cost data for Premium Poster, Co. are as follows: k the icon to view the cost data.) i Data Table Read the requirements. Requirement 1. Compute the predetermined overhead allocation rate per direct labor dollar. Predetermined overhead Estimated manufacturing overhead cost for the year Estimated direct labor cost for the year Actual manufacturing overhead cost for the year Actual direct labor cost for the year $ 125,000 78,125 115,000 70,000 allocation rate Print Print Done Done