Fossil Manufacturing uses a predetermined overhead rate of $18.20 per direct labor-hour. This predetermined rate was based on 11,400 estimated direct-labor-hours and $207,480 of estimated total manufacturing overhead. The company incurred actual manufacturing overhead costs of $206,000 and 10,900 direct labor-hours. Required: a. Determine the amount of underapplied or overapplied manufacturing overhead for the period. b. Assuming that the company closed manufacturing overhead to cost of goods sold, make the journal entry to close manufacturing overhead. c. What is the effect of this entry on the company's gross margin? Complete this question by entering your answers in the table below. Required A Required B Required C Determine the amount of underapplied or overapplied manufacturing overhead for the period. anufacturing overhead for the period is

Fossit Manufacturing uses a predetermined overheod rate of $18.20 per direct labor-hour. This predetermined tate wrs tamed on 12,400 estimated direct-4abar-hours and $207.480 of estimated total manufacturing overhead. The company incurred actiant manufacturing overhebd costs of $206,000 and 10,900 direct labor hours. Required: a. Determine the amount of underapplied or overopplied manufacturing ovorhead for the period. b. Assuming that the company closed manufacturing overhead to cost of goods sold, make the journal entry to close manufacturin overhoad. c. What is the effect of this entry on the company's gross margin? Complete this question by entering your answers in the table below. letermine the amount of underapplied or overapplied manufacturing overhead for the period