#6

Linzee Liners estimates that its manufacturing overhead will be $1,741,100 In Year 1 . It further estimates that direct labor costs will amount to $757,000. During March, Linzee worked on four jobs with actual direct labor costs of $35,700 for Job 0301,$23,200 for Job 0302,$32,700 for Job 0303 , and $16,700 for Job 0304 . Actual manufacturing overhead costs for the year were $1,727,500. Actual direct labor costs for the year were $742,000. Manufacturing overhead is applied to Jobs based on direct labor costs using predetermined rates. The amount of overhead applled in each of the Inventory accounts at the end of Year 1 is as follows Required: Prepare an entry to allocate the over-or underapplied overhead. Note: If no entry is required for a transaction/event, select "No Journal entry required" In the flrst account fleid. Journal entry worksheet Record an entry to allocate the over- or underapplied overhead. Note: Enter debits before credits