Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours, The company's predetermined overhead rate of $260 per machine-hour was based on a cost formula that estimates $257,400 of total manufacturing overhead for an estumated activity level of 99,000 machine-hours. Required: 1. Assume that during the year the company works only 94,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Compute the amount of overhead cost that would be applied to Work in Process for.the year and make the entry in your T-accounts. 2A Compute the amount of underapplied or overapplled overhead for the year and show the balance in your Manufacturing Overhead T-account. 2B. Prepare a journal entry to close the company's underopplied or overapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Compute the amount of overhead cont that would be applied to Work in process for the year and make the entry in your Thaccounts. Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's predetermined overhead rate of $260 per machine-hour was based on a cost formula that estimates $257,400 of total manufacturing overhead for an estimated activity level of 99,000 machine-hours. Required: 1. Assume that during the year the company works only 94,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts. 2A Compute the amount of underappled or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account 2B. Prepare a journal entry to close the company's underapplied or overapplied overhead to cost of Goods Sold. Complete this question by entering your answers in the tabs below. Compute the amount of underapolied or overapolied overhead for the vear and show the balance in your Manufacturing Overhesd T-account. repare a joumal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. (if no entry is required for a ransaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry to close the balance of the manufacturing overhead account to cogs account. Noten Enter debits before credits