2. Calculate the Over/Underapplied Overhead. Use this T-Account to calculate Over/Underapplied Overhead. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Manufacturing Overhead } \\ \hline Debit & Credit \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline & Amount & Type \\ \hline Over/Underapplied Overhead & (26,790) & Overapplied \\ \hline \end{tabular} 3. Create a journal entry to dispose of the Over/Underapplied Overhead. Aggregator Industries does cement pouring jobs for homes and businesses. Below is information related to its Overhead application: 1. Determine the Predetermined Overhead Rate if the Cost Driver is Direct Labor Hours. Predermined Overhead Rate (Direct Labor Hours) $8.28 4. Repeat steps 1-3, but with Machine Hours as the Cost Driver. \begin{tabular}{|l|l|} \hline Predermined Overhead Rate (Machine Hours) & $3.24 \\ \hline \end{tabular} Use this T-Account to calculate Over/Underapplied Overhead. Aggregator Industries does cement pouring jobs for homes and businesses. Below is information related to its Overhead application: Required: 1. Determine the Predetermined Overhead Rate if the Cost Driver is Direct Labor Hours. 2. Calculate the Over/Underapplied Overhead. 3. Create a journal entry to dispose of the Over/Underapplied Overhead. 4. Repeat steps 1-3, but with Machine Hours as the Cost Driver. Navigation: 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect