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3) Melinda, Inc. estimates manufacturing overhead costs for the coming year at $225,000, which will be allocated based on direct labor hours. Melinda estimates 9,000

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3) Melinda, Inc. estimates manufacturing overhead costs for the coming year at $225,000, which will be allocated based on direct labor hours. Melinda estimates 9,000 direct labor hours for the coming year. In January, Job A33 was completed, which required 8 direct labor hours and 34 machine hours. Provide the journal entry to allocate manufacturing overhead to the job. Omit explanation 4) Milead Enterprises reports the following information at December 31: Manufacturing Overhead $7,350 $45.500 21,000 18,500 Requirements 1. What is the actual manufacturing overhead of Milead Enterprises? 2. What is the allocated manufacturing overhead? 3. Is manufacturing overhead under-allocated or over-allocated? By how much? 4. Prepare the journal entry to write-off under/over-allocated overhead

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