A manufacturing firm uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs, based on machine hours required. At the beginning of $2019,$ the firm expected to incur the following:

Budgeted Manufacturing Overhead Costs $$1,140,000$

Budgeted Direct Labor Cost $$1,915,000$

Budgeted Machine Hours $95,000$

At the end of $2019,$ the firm had actually incurred:

Direct Labor Cost $$1,275,000$

Depreciation on Manufacturing Property, Plant and Equipment $$455,000$

Sales Salaries $$45,000$

Delivery Drivers' Wages $$30,000$

Plant Janitors' Wages $$30,000$

Machine Hours $55,000$

Do not enter dollar signs or commas in the input boxes.

a$)$ Calculate the firm's predetermined overhead rate.

Round your answer to $2$ decimal places.

Predetermined overhead rate: $Answer

b$)$ Calculate the total amount of overhead allocated.

Round your answer to the nearest whole number.

Allocated Overhead: $Answer

c$)$ Determine the balance for the manufacturing overhead account.

Round your answer to the nearest whole number.

DR Manufacturing Overhead CR

Actual Overhead: Allocated Overhead:

$Answer

$Answer

Balance $Answer

$Answer

d$)$ Is the manufacturing overhead account over or under allocated?

Answer

e$)$ Close the manufacturing overhead account to cost of goods sold.

Date Description DR CR

Dec $31$ Answer

Answer

Answer

Answer

To close the manufacturing overhead account