During the first quarter of 2022, Marcie's business reports the following:

1.		Estimated overhead $ 221,130
2.		Actual overhead $ 220,900
3.		Estimated labour costs $ 170,100
4.		Actual labour costs $ 171,100

Her company allocates its overhead on the basis of direct labor costs.

Calculate the predetermined overhead rate. (Round answer to the nearest whole percentage)

Predetermined overhead rate

Calculate the over-applied or under-applied manufacturing overhead.

Actual manufacturing overhead		$ enter a dollar amount
Applied manufacturing overhead		$ enter a dollar amount
Manufacturing overhead		$ enter a dollar amount	Under-applied or Over-applied

Prepare the adjusting entry to close the under-applied or over-applied overhead. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
enter a dollar amount
enter a dollar amount