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GEORD Requirement 1. Compute the predetermined overhead alocation rate per direct labor dollar Predetermined overhead Estimated overhead cost Estimated direct labor cost location rate 106000 B4800 125% Requirement 2. Prepare the journal entry to allocate overhead osts for the year. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Dato Accounts and Explanation Credit Dec 31 Work-in-Process Inventory Manufacturing Overhead Dobit - Lata table Estimated manufacturing overhead cost for the year $ 106,000 Estimated direct labor cost for the year 84,800 Actual manufacturing overhead cost for the year 115,000 Actual direct labor cost for the year 72,000 hr Print Done TH