Custom Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Custom 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. Enter the formula for predetermined manufacturing overhead rate, then compute the rate. = Predetermined overhead rate per machine hour Requirement 2. Calculate the allocated manufacturing overhead for the past year. = C = Manufacturing overhead allocated 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. Manufacturing Overhead Custom Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Custom Uniforms reports the following cost data for the past year: (Click the icon to view the cost data.) Read the requirements. Tass wwwsavs sense persememasang inIMELISEIMASISSEEHng vinnvw.www.ww wving sus wwwww Date Manufacturing Overhead 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 Debit Credit Requirement 4. How can managers use accounting information help control manufacturing overhead costs? To help control manufacturing overhead, managers compare the actual line item amounts for differences between actual and budgeted amounts to identify the reasons why actual costs with the budgeted amounts. Managers will also investigate only Data table 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.. Budget Actual 7,600 hours 6,600 hours 6,700 hours 6,800 hours 21,000 $ 21,000 50,000 $ 54,000 15,000 $ 13,000 71,000 $ 73,000 40,000 $ 42,000 18,000 $ 19,500 13,200 $ 14,200 69,500 $ 84,500 $ $ $ X Requirements 1. Compute the predetermined manufacturing overhead rate. 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? Print Done X