requiremrnt 3

(Click the icon to view the costs.) Read the requirements Estimated overhead cost 870.000 Estimated machine hours 72,500 Predetermined overhead allocation rate 12 per machine hour $ Requirement 2. Prepare the journal entry to allocate manufacturing overhead. (Record debits first, then credits. Exclude explanations from any journal entries.) Date Debit Credit Dec. 31 Accounts Work-in-Process Inventory Manufacturing Overhead 732.000 732.000 Requirement 3. Post the manufacturing overhead transactions to the T-account and calculate the balance. (Enter the ending balance on the last line) Manufacturing Overhead Depreciation 540,000 732.000 Property taxes on plant 37.500 Plantjanitor's wages 24,000 130.500 Manufacturing overhead allocated Bal 130,500 Choose from any list or enter any number in the input fields and then click Check Answer i Data Table -X Predetermine allocation 12 perm debits first, At the beginning of 2018, the company expected to incur the following: Manufacturing overhead costs $ 870,000 Direct labor costs 1,540,000 Machine hours 72.500 hours ebit 32,000 At the end of 2018, the company had actually incurred: Direct labor costs S 1.170.000 540.000 eulate the ba 37.500 28.500 Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries Delivery drivers' wages Plant janitor's wages Machine hours 21.000 24.000 61.000 hours ad allocate Print Done Swer. per cord debits first, 0 Requirements Debit 732,000 -X alculate the 1. Compute Alba's predetermined overhead allocation rate. 2. Prepare the journal entry to allocate manufacturing overhead. 3. Post the manufacturing overhead transactions to the Manufacturing Overhead T-account. Is manufacturing overhead underallocated or overallocated? By how much? 4. Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead. Does your entry increase or decrease Cost of Goods Sold? 1 Print Done ad allocated ver. Clear All