Accounting for manufacturing overhead. Consider the following selected cost data for &

Housser Inc. for 2010.

Housser’s job costing system has a single manufacturing overhead cost pool (allocated using a budgeted rate based on actual MH). Any amount of underallocation or overallocation is immediately written off to cost of goods sold.
REQUIRED 1. Compute the budgeted manufacturing overhead (MOH) rate.
2. Journalize the allocation of manufacturing overhead (MOH).
3. Compute the amount of underallocation or overallocation of MOH. Is the amount significant?
Journalize the disposition of this amount based on the ending balances in the relevant accounts.LO1

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Budgeted manufacturing overhead (MOH) Budgeted machine hours (MH) $4,180,000 190,000 Actual manufacturing overhead (MOH) ending balance $4,230,000 Actual machine hours (MH) 192,000