Practice Problem 5: Acme allocates MOH based on machine-hours (MH) - Estimated 12,000MH and $93,000MOH - Actually used 16,000MH - Incurred the following actual costs: - Indirect labor $11,000 - Depreciation on plant 48,000 - Machinery repair 11,000 \begin{tabular}{lr} Direct labor & 75 \\ Plant supplies & 6,000 \\ Plant utilities & 7,000 \\ Advertising & 35,000 \\ Sales commissions & 27,000 \end{tabular} Q1: What is Acme's predetermined MOH rate? Q2: What is Acme's actual MOH cost? Q3: How much MOH would Acme allocate? Q4: Is the MOH over-allocated or under-allocated? Q5: What entry would Acme make to close the MOH account