Applying Assignment

Question $2,$ EM$2-24($similar to$)$

Part $2$ of $6$

Costs

Jackson Foundry uses a predetermined overhead allocation rate to allocate overhead to individual jobs, based

View the costs.

Read the requirements.

Requirement $1.$ Compute Jackson Factory's predetermined overhead allocation rate.

$\backslash$table$[[,$Estimated overhead cost,$+,$Estimated machine hours,$=,\backslash$table$[[$Predetermined overhe$],[$allocation rate$]]],[$$$,880,000,+,80,000,=,$per machine$]]$

Requirement $2.$ Prepare the journal entry to allocate manufacturing overhead. $($Record debits first, then credit

$\backslash$table$[[$Date$,$Accounts and Explanation,$],[$Dec$.31,,]]$

At the beginning of $2025,$ the company expected to incur the following:

$\backslash$table$[[$Manufacturing overhead costs,$$880,000$