Direct labor hours. Machine hours... Depreciation on salespeople's autos Indirect materials. Budget Actual 7,500 hours 6,200 hours 6,300 hours 6,500 hours $ 20,000 $ 20,000 48,000 $ 53,500 $ 12,500 $ $ Depreciation on trucks used to deliver uniforms to customers Depreciation on plant and equipment. Indirect manufacturing labor.... Customer service hotline.. Plant utilities ... 10,000 66,500 46,000 23,500 65,000 $ 43,000 $ 21,000 $ A A $ 7,800 $ 9,300 Direct labor cost.. $ 72,000 $ 85,500 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? Suit Up produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Suit Up reports the following cost data for the past year: (Click the icon to view the cost data.) Read the fequirements 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. 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 Suit Up produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Suit Up reports the following 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. Check your spelling carefully and do not abbreviate.) Journal Entry Date Accounts Debit Credit Requirement 4. How can managers use accounting information to help control manufacturing overhead costs? To help control manufacturing overhead, managers compare the actual line item amounts for with the budgeted amounts. Managers will also investigate only v differences between actual and budgeted amounts to identify the reasons why actual costs