Jackson Foundry uses a predetermined overhead allocation rate to allocate overhead to individual jobs, based on the machine hours required (Click the icon to view the costs) Read the requirements Data table This question: 10 points possible Requirement 1. Compute Jackson's predetermined overhead allocation Requirement 2. Prepare the journal entry to allocate manufacturing ove Date Accounts and Explanation At the beginning of 2024, the company expected to incur the following Manufacturing overhead costs Direct labor costs Machine hours $850,000 1,530,000 85,000 hours the end of 2024, the company had actually incurred: Direct labor costs Depreciation on manufacturing plant and equipment Dec 31 Property taxes on plant Sales salaries Delivery drivers' wages Requirement 3. Post the manufacturing overhead transactions to the T- Manufacturing Overhead Plant janitor's wages Machine hours Print Done $1,190,000 520,000 30,500 29.000 21,000 18,000 64,000 hours