1-21 Accounting for manufacturing overhead. Jamison Woodworking es normal costing and allocate manufacturing overhead to jobs based on a budgeted labor bour rate and actual direct labor-hours. Under-or overallocated overhead, if inunatcrial, is written off to Cost of Goods Sold. During 2014. Jamison recorded the following Budgeted manufacturing overhead costs 54,400,000 Budgeted direct labor-hours 200,000 Actual manufacturing overhead costs $4,650,000 Actual direct labor-bours 212,000 1. Compute the budgeted manufacturing overhead rate 2. Prepare the summary journal entry to record the allocation of manufacturing overhead 3. Compute the amount of under of overallocated manufacturing overhead is the amount significant enough to warrant proration of overhead costs, or would it be permissible to write it off to cost of goods sold? Prepare the journal entry to dispose of the under or overallocated overhead 4-26 Job costing, journal entries. Donald Transport assembles prestige manufactured homes. Ils job costing system lus two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead allocated at a budgeted 831 per machine-bour in 2014). The following data (in millions) show operation costs for 2014: Materials Control, beginning balance, January 1, 2014 51% Work-in-Process Control, beginning balance, January 1, 2014 9 Finished Goods Control, beginning balance, January 1, 2014 10 Materials and supplies purchased on credit 154 Direct materials used 152 Indirect materials (supplies) issued to various production departments 19 Direct manufacturing labor 26 Indirect manufacturing labor incurred by various production departments Depreciation on plant and manufacturing equipment 2x Miscellaneous manufacturing overhead incurred (ordinarily would be detailed as repairs, utilities, etc., with a corresponding credit to various liability accounts) 13 Manufacturing overhead allocated 1,000,000 actual machine-bours? Cost of goods manufactured 298 Revenues 410 Cost of goods sold 294 1. Prepare an overview diagram of Donald Transport's job-costing system 2. Prepare journal entries. Number your carries. Explanations for each entry may be omitted. Post to T-accounts. What is the ending balance of Work-in-Process Control J. Show the journal entry for disposing of under-ar overallocated manufacturing overhead directly as a year-end writeoff to Cost of Goods Sold. Post the entry to T-accounts 4. How did Donald Transport perform in 20147