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Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's predetermined overhead rate of $2.40 per machine-hour was based on a cost formula that estimates $201,600 of total manufacturing overhead for an estimated activity level of 84.000 machine-hours. Required: 1. Assume that during the year the company works only 79,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts. 2A. Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account 28. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Reg 28 Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1. Assume that during the year the company works only 79,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Compute the amount of overhead cost that would be applied to Work in Process for the and make the entry in your T-accounts. 2A. Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account 28. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Reg 2B Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts. Manufacturing Overhead 25.000 205.400 8.400 70.000 32 000 7.400 50.000 12.600 (Direct materials) (Direct labor) (Overhead) (a) Work in Process 750.000 94.000 205,400 (Maintenance) (Indirect materials) (Indirect labor) (Utilities) Unsurance (Depreciation Balance Req 2A > requirea: 1. Assume that during the year the company works only 79,000 machine-hours and incurs the following costs in the Manufad Overhead and Work in Process accounts: Compute the amount of overhead cost that would be applied to Work in Process fo and make the entry in your T-accounts. 2A. Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account. 2B. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. points eBook Complete this question by entering your answers in the tabs below. Hint Print Req 1 Reg 2A Req 2B References Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account from Reg 1. Underapplied manufacturing overhead S 12600 Req 1 Reg 2B > Assume that during the year the company works only 79,000 machine-hours and incurs the following costs in the Manufa Overhead and Work in Process accounts: Compute the amount of overhead cost that would be applied to Work in Process f and make the entry in your T-accounts. 2A. Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account 28. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. eBook Complete this question by entering your answers in the tabs below. Hint Rea 1 Reg 2A Freq 28 ferences Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. (If no entry is requir transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Event Credit General Journal Cost of goods sold Manufacturing overhead Debit 12,600 12,600 Reg 2A