Applied vs. Actual Manufacturing Overhead Sloan Manufacturing Corporation applies manufacturing overhead on the basis of 130% of direct labor cost. An analysis of the related accounts and job order cost sheet indicates that during the year total manufacturing overhead incurred was $210,000 and that at year-end Work in Process inventory, Finished Goods inventory, and cost of Goods Sold included $30,000, 520,000, and $150,000, respectively, of direct labor incurred during the current year. a. Determine the over-applied manufacturing overhead at year-end (assume it is significant). Applied Manufacturing Overhead Work in process Finished goods Cost of goods sold Total Over-appiled manufacturing overhead $ b. Prepare a journal entry to record the disposition of the over-applied manufacturing overhead General Journal Description Debit Credit