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During the first quarter of 2022, Sandhill Company reports the following: 1. Estimated overhead $ 221,783 2. Actual overhead $ 220,050 3. Estimated labour costs

During the first quarter of 2022, Sandhill Company reports the following:

1. Estimated overhead $ 221,783
2. Actual overhead $ 220,050
3. Estimated labour costs $ 169,300
4. Actual labour costs $ 174,100

The company allocates its overhead on the basis of direct labour cost.

Calculate the predetermined overhead rate. (Round answer to the nearest whole percentage, e.g. 152%.)

Predetermined overhead rate enter the predetermined overhead rate in percentages rounded to the nearest whole %

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 select an option Over-appliedUnder-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 debit amount

enter a credit amount

enter a dollar amount

enter a debit amount

enter a credit amount

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