Alternate problem e Sullivan Company applied overhead to production using a predetermined overhead rate based on m hours. Budgeted data is: Budgeted machine-hours 75,000 Budgeted manufacturing overhead $ 870,000 Note from the Professor: All yellow cells must 13 Alternate Problem E: If the cell turns GREEN you are correct. If the ce blank will be counted as a zero when grading. a. Compute the predetermined overhead rate. a. Predetermined OHD Rate: $ per machine hc Manufacturing OHD Cost Machine hours 870,000 75,000 b. Assume actual manufacturing overhead amounted to $997,500, and 86,000 machine-hours were Compute the amount of underapplied or overapplied manufacturing overhead. Applied Overhead: (??? MH $ * $??? per MH) Actual Overhead (given): Given Over/Under applied OH c. Prepare the journal entry to transfer underapplied or overapplied overhead to Cost of Goods Sold. Note from the Please use the yellow cells. Journal entry: Debit Credit Manufacturing Overhead Cost of Goods Sold Adjust for (Underapplied)/overapplied overhead by adding to/reducing cost of goods sold If the cell turn