GURE plied by W. MH H Compute 3. Would you expect substantially company used a plantwide overhead rate i rates? Explain your answer. No computations are necessi Applying Overhead; T-Accounts; Journal Entries [LO3-CC5; LO4-CC8; LO5. PROBLEM 3-3 LO6-CC12; LO7-CC14, 15] - CC10; applied to jobs on the basis of machine-hours. At the beginning of the year, management estimated that the Harwood Company is a manufacturing firm that operates a job-order costing system. Overhead costs a company would incur $192,000 in manufacturing overhead costs and work 80,000 machine-hours, Required: 1. Compute the company's predetermined overhead rate. 2. Assume that during the year the company works only 75,000 machine-hours and incurs the following costs in the manufacturing overhead and work-in-process accounts: Manufacturing Overhead 19,000 ? cor cos tra the du (Maintenance) (Indirect materials) 6,000 (Indirect labour) 60,000 (Utilities) 30,000 (Insurance) 7,000 (Depreciation) 54,000 (Property taxes) 8,000