Determine the Predetermined Overhead Rate if the Cost Driver is Direct Labor Hours.

Create a journal entry to dispose of the Over$/$Underapplied Overhead.

Repeat steps $1-3,$ but with Machine Hours as the Cost Driver.

Predermined Overhead Rate $($Machine Hours$)$

Use this T$-$Account to calculate Over$/$Underapplied Overhead. For an answer to be graded as correct, you must use an Excel formula:Begin each formula with an $=$ sign.Reference cells, instead of entering values.Example: $=$B$3+$C$3$