#5

Antoine Machining estimated its manufacturing overhead to be $286,440 and its direct materials costs to be $462,000 in Year 1 . Three of the jobs that Antoine Machining worked on In Year 1 had actual direct materlals costs of $16,800 for Job AM002, $61,600 for Job AM005, and $78,400 for Job AM008. For Year 1, actual manufacturing overhead was $314,200 and total direct materials cost was $600,000. Manufacturing overhead is applied to jobs on the basis of direct materials costs using predetermined rates. Overhead applied in each of the inventory accounts is as follows: Required: Prepare an entry to allocate the under-or overapplled overhead. Note: If no entry Is required for a transaction/event, select "No Journal entry required" In the first account fleid. Journal entry worksheet Record the allocation of over- or underapplied overhead. Note: Enter debits before credits