Question: QUESTION 5 5.5 points Save Answer +Summer 20 Corp estimates overhead based on direct labor hours and has given you the following information: Estimated Manufacturing

QUESTION 5 5.5 points Save Answer +Summer 20 Corp estimates overhead

QUESTION 5 5.5 points Save Answer +Summer 20 Corp estimates overhead based on direct labor hours and has given you the following information: Estimated Manufacturing Overhead Costs 2020 Estimated Direct Labor Hours for 2020 $397,000 220,000 202,000 $380,000 Actual Direct Labor Hours for 2020 Manufacturing Overhead Account Debit Entries total 1. Determine the predetermined overhead allocation rate stated with cents. 2. Determine the amount of manufacturing overhead that were allocated. 3. Calculate the amount Summer 20 Corp is over or under allocated during the year. (Be sure to specify over or under allocated along with the dollar value.) You must show and label your work to get credit. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I Y Paragraph V Arial 14px 111 A Ty %

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