E20-6 Selected cost data for All-Flooring Co. are as follows: Expected manufacturing overhead cost for the year. Expected direct labor cost for the year Actual manufacturing overhead cost for the year. Actual direct labor cost for the year.. $119,600 46,000 104.600 40.500 Required 1. Compute the predetermined manufacturing overhead 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 overallocated or underallocated manufac- turing overhead. 4. Prepare the journal entry to close the balance of the manufacturing overhead account.