Classic Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Classic Uniforms reports the following cost data for the past year. (Click the icon to view the cost data.) Requirements 1. Compute the predetermined manufacturing overhead rate. 0 Data Table 2. Calculate the allocated manufacturing overhead for the past year. 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? 4. How can managers use accounting information to help control manufacturing overhead costs? Actual Direct labour hours Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula, then compute the rate. (Round your answer to the nearest whole dollar.) Budget 7,700 hours 6.900 hours 6,000 hours 6,300 hours Machine hours... Depreciation on salespeople's = Predetermined overhead rate per machine hour autos ..... $ 26,500 52,500 $ 26,500 54,500 Requirement 2. Calculate the allocated manufacturing overhead for the past year. 18,000 16,500 Manufacturing overhead allocated = Indirect materials Depreciation on trucks used to deliver uniforms to customers Depreciation on plant and equipment Indirect manufacturing labour Customer service hotline Plant utilities.... Direct labour cost Requirement 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? First, calculate the preliminary manufacturing overhead balance using the T-account. (Enter amounts in the order they appear in the cost data. Leave any unused cells blank. 69,500 44,500 22,500 26,700 74,000 71,500 45,500 26,000 28,700 89,000 Manufacturing Overhead hoor from a listar antara unabor in the innuit fielded to continue to the novt quotian input field Requirement 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? First, calculate the preliminary manufacturing overhead balance using the T-account. (Enter amounts in the order they appear in the cost data. Leave any unused cells blank.) Manufacturing Overhead Close the underallocated or overallocated overhead to cost of goods sold by journalizing the entry. (Record debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Debit Credit Requirement 4. How can managers use accounting information to help control manufacturing overhead costs? To help control manufacturing overhead, managers compare the actual line item amounts for with the budgeted amounts. Managers will also investigate only differences between actual and budgeted amounts to identify the reasons why actual costs