1) Compute the predetermined overhead allocation rate per direct labor dollar.

2) Prepare the journal entry to allocate overhead costs for the year.

- Data table $ 120,000 100,000 Estimated manufacturing overhead cost for the year Estimated direct labor cost for the year Actual manufacturing overhead cost for the year Actual direct labor cost for the year 119,000 75,000 Print Done Requirement 1. Compute the predetermined overhead allocation rate per direct labor dollar. Predetermined overhead allocation rate %