Requirement $1.$ Compute the predetermined overhead allocation rate. Round to two decimal places.

$1=$

Predetermined overhead

$1=$

allocation rate

per machine hour

Requirement $2.$ Post actual and allocated manufacturing overhead to the Manufacturing Overhead T$-$account. $($Enter the ending balance on the last line.$)$

Requirement $3.$ Prepare the journal entry to adjust for underallocated or overallocated overhead. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

Requirement $4.$ The predetermined overhead allocation rate usually turns out to be inaccurate. Why don't accountants just use the actual manufacturing overhead rate?

The actual manufacturing overhead rate is

$.$ Managers need to make decisions

$.$ Accountants use predetermined overhead allocation rates to give managers product

cost information when they need it$-$

Data table

Requirements

Compute the predetermined overhead allocation rate. Round to two decimal

places.

Post actual and allocated manufacturing overhead to the Manufacturing

Overhead T$-$account.

Prepare the journal entry to adjust for underallocated or overallocated

overhead.

The predetermined overhead allocation rate usually turns out to be inaccurate.

Why don't accountants just use the actual manufacturing overhead rate?