40f 4 (0 complete) HW Score: 0%, 0 of 4 pts Question Help * E17-20 (similar to) Flores Foundry uses a predetermined overhead allocation rate to allocate overhead to individual jobs, based on the machine hours required EE (Cick the icon to view the costs.) Read the requirements Data Table Requirement 1. Compute Flores' predetermined overhead allocation rate At the beginning of 2018, the company expected to inour the following Prodetermined overheadA Manufacturing overhead costs Direct labor costs Machine hours 900,000 1,490,000 allocation rate per machine hour 75,000 hours Requirements At the end of 2018, the company had actualy incumed: Direct labor costs Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries Delivery drivers' wages Plant janitor's wages Machine hours S 1,240,000 600,000 31,850 29,000 23,000 21,000 63,000 hours 1. Compute Flores' predetermined overhead allocation rate 2. Propare the jounal entry to allocate manufacturing overhead Post the manufacturing overhead transactions to the Manufacturing eninec ter Bytou oes or overallocated? By how much? Prepare the jounal entry to adjust for the underalocated or overallocated manufacturing overhead. Does your entry increase or decrease Cost of 4. Goods Sold? Print Done Choose fro Print Done 5 amaning Clear All Check Answer MacBook Air