Check my weork Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $217,500 of total manufacturing overhead for an estimated activity level of 87000 machine-hours Required . Assume that during the year the company works only 82,000 machine-hours and incurs the following costs in the Manufacturing and Work in Process accounts: Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts. 2A. Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account. 2B. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below Req 1 Req 2A Req 2B Compute the amount of overhead cost tihst would be applied to Work in Process for the year and make the entry in your T 780,000 28,000 8,700 67,000 34,000 7.700 63,000 97,000 KPrey 6 of 6 Next