Question: Refer to the data in exercise 8. Requirement R1. Journalize the entry to close out the companys Manufacturing overhead account. 8. The T-account showing the

Refer to the data in exercise 8. Requirement R1. Journalize the

Refer to the data in exercise 8.

Requirement

R1. Journalize the entry to close out the companys Manufacturing overhead account.

8. The T-account showing the manufacturing overhead activity for Edith, Corp., for 2011 is as follows: nufacturing ovcrhea 99,000 215,000 Requirements R1. What is the actual manufacturing overhead? 199k R2. What is the allocated manufacturing overhead? 215k R3. What is the predetermined manufacturing overhead rate as a percentage of direct labor cost, if actual direct labor costs were $170,000? 126.47% R4. Is manufacturing overhead underallocated or overallocated? By how much? Qverallocated by 16k R5. Is Cost of goods sold too high or too low? Too high

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