Close the under-or overallocated overhead to Cost of Goods Sold by journalizing the entry, (Rooord dobits first, then credits. Exclude explanations from any journal entries, ) Requirement 3. Compute the underallocaled or overalocatod mandacturing ovorhoed. How wil this underallocated or overaliocafod manufacturng operhead be disposed of? First calculate the preliminary manulacturing overhead balance using the T-accoumt \begin{tabular}{|c|c|c|} \hline & Budget & Actual \\ \hline Direct labor hours . ....................................... & 600 hours & 6,100 hours \\ \hline Machine hours. & 200 hour's 6 & 6,300 hours \\ \hline Depreciation on salespeople's autos. & 23,000$ & 23,000 \\ \hline Indirect materials. & 48,500$ & 50,500 \\ \hline Depreciation on trucks used to deliver uniforms to customers...... & 13,000s & 11,000 \\ \hline Depreciation on plant and equipment. & 70.000$ & 72,500 \\ \hline Indirect manufacturing labor. & 40,000S & 42,000 \\ \hline Customer service hotline. & 19,000s & 21,000 \\ \hline Plant utilities : & 35,900$ & 38,400 \\ \hline Direct labor cost ....................... & 72,500s & 85,500 \\ \hline \end{tabular}