Question: Requirements 1. Compute the predetermined overhead allocation rate per direct labor dollar. 2. Prepare the journal entry to allocate overhead cost for the year. 3.

Requirements

1.

Compute the predetermined overhead allocation rate per direct labor dollar.

2.

Prepare the journal entry to allocate overhead cost for the year.

3.

Use a? T-account to determine the amount of underallocated or overallocated maunfacturing overhead.

4.

Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead.

Estimated manufacturing overhead cost for the year $115000

Estimated direct labor cost for the year 71875

Actual manufacturing overhead cost for the year 117000

Actual direct labor cost for the year 70000

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