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.) Read the requirements. Requirement 1. Compute the predetermined manufacturing overhead rate. 0 Data Table Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Estimated yearly overhead costs / Estimated yearly machine hours 7 = Predetermined overhead rate - per machine hour Budget Actual Requirement 2. Calculate the allocated manufacturing overhead for the past year. 7.600 6.400 Manufacturing overhead allocated hours hours $ 24,500 $ 48,000 6,300 hours 6.700 hours $ 24,500 $ 52,500 = Requirement 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? Direct labor hours....... Machine hours........... Depreciation on salespeople's autos ... Indirect materials...... Depreciation on trucks used to deliver uniforms to customers Depreciation on plant and equipment Indirect manufacturing labor.. Customer service hotline... Plant utilities............. Direct labor cost... First calculate the preliminary manufacturing overhead balance using the T-account. Manufacturing Overhead $ 14,000 $ 71,000 $ 42,500 $ 21,500 $ 4,900 $ 73,500 $ 12.500 $ 72,500 $ 44,500 $ 24,000 $ 6,400 $ 85,000 Print Done Close the under-or overallocated overhead to Cost of Goods Sold by journalizing the entry. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date 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 Choose from any list or enter any number in the input fields and then continue to the next