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Read the requirements.

Requirement $1.$ Compute Martinez' predetermined overhead allocation rate.

Requirements

Data table

Compute Martinez' predetermined overhead allocation rate.

Prepare the journal entry to allocate manufacturing overhead.

Post the manufacturing overhead transactions to the Manufacturing

Overhead T$-$account. Is manufacturing overhead underallocated

or overallocated? By how much?

Prepare the journal entry to adjust for the underallocated or overallocated

manufacturing overhead. Does your entry increase or decrease Cost of

Goods Sold?

At the beginning of $2024,$ the company expected to incur the following:

At the end of $2024,$ the company had actually incurred:

Direct labor costs

Depreciation on manufacturing plant and equipment

Property taxes on plant

Sales salaries

Delivery drivers' wages

Plant janitor's wages

Machine hours