Accounts Debit Credit Requirement 3. Compute the amount of under- or overallocated manufacturing overhead. Is the amount significant enough to warrant proration of overhead costs, or should Artisan Woodworking write it off to cost of goods sold? Prepare the journal entry to dispose of the under- or overallocated overhead. Enter the formula, then enter the amounts to calculate the over- or underallocated manufacturing overhead. (Use parentheses or a minus sign to report overallocated overhead.) Underallocated (Overallocated) s the amount significant enough to warrant proration of overhead costs, or should Artisan Woodworking write it off to cost of goods sold? The is the difference between proration and write off to V amount of difference compared to manufacturing overhead costs allocated. If the quantities of work-in-process and finished goods inventories are compared to net income. Cost of Goods Sold account would be Prepare the journal entry to dispose of the under- or overallocated overhead. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Debit Credit Accounts Debit Credit Requirement 3. Compute the amount of under- or overallocated manufacturing overhead. Is the amount significant enough to warrant proration of overhead costs, or should Artisan Woodworking write it off to cost of goods sold? Prepare the journal entry to dispose of the under- or overallocated overhead. Enter the formula, then enter the amounts to calculate the over- or underallocated manufacturing overhead. (Use parentheses or a minus sign to report overallocated overhead.) Underallocated (Overallocated) s the amount significant enough to warrant proration of overhead costs, or should Artisan Woodworking write it off to cost of goods sold? The is the difference between proration and write off to V amount of difference compared to manufacturing overhead costs allocated. If the quantities of work-in-process and finished goods inventories are compared to net income. Cost of Goods Sold account would be Prepare the journal entry to dispose of the under- or overallocated overhead. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Debit Credit