Aggregator Industries does cement pouring jobs for homes and businesses. Below is information related to its Overhead application: Estimated Overhead Cost $ Estimated Direct Labor Hours Actual Direct Labor Hours Estimated Machine Hours Actual Machine Hours Depreciation of Mixing Equipment Depreciation of Pouring Equipment Fuel for Cement Truck Factory Supervisor Salaries Advertising Expense Rent Expense for Cement Yard Required: 240,000 29,000 31,587 74,000 68,541 $ 48,000 $ 52,000 $ 3,900 $ 104,000 $ 2,850 $ 23,000 1. Determine the Predetermined Overhead Rate if the Cost Driver is Direct Labor Hours. Predermined Overhead Rate (Direct Labor Hours) 2. Calculate the Over/Underapplied Overhead. Use this T-Account to calculate Over/Underapplied Overhead. Manufacturing Overhead Debit Credit Amount Type Over/Underapplied Overhead 3. Create a journal entry to dispose of the Over/Underapplied Overhead. Date 6/30/2022 Account 4. Repeat steps 1-3, but with Machine Hours as the Cost Driver. Predermined Overhead Rate (Machine Hours) Use this T-Account to calculate Over/Underapplied Overhead. Manufacturing Overhead Debit Credit Debit Credit Amount Type Over/Underapplied Overhead Date 6/30/2022 Account Debit Credit