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 $2.40 per machine-hour was based on a cost formula that estimates $192,000 of total manufacturing overhead for an estimated activity level of 80,000 machine-hours. Required: 1. 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: 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 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 underappled or overapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 28 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. (a) Work in Process 710.000 90.000 (Direct materials) (Direct labor) (Overhead) (a) Manufacturing Overhead 21.000 8.000 60.000 32.000 7.000 56.000 (Maintenance) (indirect materia) Indirect lobor (Utilities) Unsurance Deprecation Balance Req 2A > Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-Account from Reg 1. manufacturing overhead Reg 1 Reg 2A Reg 28 Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the entry to close the balance of the manufacturing overhead account to COGS account. Note: Enter debits before credits Event General Journal Debit Credit 1 Record entry Clear entry Vlow general Journal