Please help!

Selected cost data for Antique Poster Co. are as follows:

Estimated manufacturing overhead cost for the year $120,000

Estimated direct labor cost for the year 100,000

Actual manufacturing overhead cost for the year 90,000

Actual direct labor cost for the year 71,000

Requirements:

1. Compute the predetermined overhead rate per direct labor dollar.

120,000/100,000*100=120%

2. Compute the amount of applied overhead for the year.

3. Prepare the journal entry to apply overhead costs for the year.

4. Use a T-account to determine the amount of underapplied or overapplied manufacturing overhead.

		Manufacturing Overhead

5. Prepare the journal entry to adjust for the underapplied or overapplied manufacturing overhead.