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2. During the year, actual overhead cost and activity were recorded as follows: a. Prepare a journal entry to record the incurrence of actual manufacturing overhead cost for the year (credit accounts payable). Post the entry to the company's manufacturing overhead T-account. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) o. Determine the amount of overhead cost applied to production during the year. (Round intermediate calculations to 2 decimal olaces and final answer to nearest dollar amount.) c. Prepare a journal entry to record the application of manufacturing overhead cost to work in process for the year. Post the entry to the company's manufacturing overhead T-account. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Round intermediate calculations to 2 decimal places and final answers to nearest dollar amount.) Journal entry worksheet Record applied manufacturing overhead based on predetermined overhead rate. Note: Enter debits before credits. d. Determine the amount of underapplied or overapplied manufacturing overhead for the year. (Round intermediate calculations to 2 decimal places and final answer to nearest dollar amount.) 3. The actual activity for the year was distributed among the company's four products as follows: a. Determine the total amount of overhead cost applied to each product. (Round intermediate calculations to 2 decimal places and final answers to nearest dollar amount.) b. Does the total amount of overhead cost applied to the products above relate to the T-accounts in any way? Yes No 2. During the year, actual overhead cost and activity were recorded as follows: a. Prepare a journal entry to record the incurrence of actual manufacturing overhead cost for the year (credit accounts payable). Post the entry to the company's manufacturing overhead T-account. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) o. Determine the amount of overhead cost applied to production during the year. (Round intermediate calculations to 2 decimal olaces and final answer to nearest dollar amount.) c. Prepare a journal entry to record the application of manufacturing overhead cost to work in process for the year. Post the entry to the company's manufacturing overhead T-account. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Round intermediate calculations to 2 decimal places and final answers to nearest dollar amount.) Journal entry worksheet Record applied manufacturing overhead based on predetermined overhead rate. Note: Enter debits before credits. d. Determine the amount of underapplied or overapplied manufacturing overhead for the year. (Round intermediate calculations to 2 decimal places and final answer to nearest dollar amount.) 3. The actual activity for the year was distributed among the company's four products as follows: a. Determine the total amount of overhead cost applied to each product. (Round intermediate calculations to 2 decimal places and final answers to nearest dollar amount.) b. Does the total amount of overhead cost applied to the products above relate to the T-accounts in any way? Yes No