b) Show whether overhead is over or under applied at the end od the year (December 31) and the amount.

c) Prepare tbe journal entry to close the over or under applied overhead to the appropriate amount.

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Bluebell Company applies manufacturing overhead to jobs on the basis of machine hours used. Estimated overhead costs are expected to be $855,000 for the year, and machine usage is estimated at 150,000 hours. During the year, $1,050,000 of overhead costs are actually incurred and 185,000 machine hours are actually worked. Question 2 ( 3 points) Compute the predetermined manufacturing overhead rate for the year