E19-19 Al locating and adjusting manufacturing overhead Selected cost data for Classic Print Co. are as follows: 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 78,125 116,000 67,000 Requirements 1. Compute the predetermined overhead allocation rate per direct labor dollar 3. Use a T-account to determine the amount of underallocated or overallocated 2 Prepare he joural entryto lcate overticad costs for the year manufacturing overhead. 4. Prepare the journal entry to adjust for the underallocated or overallocated manu- facturing overhead