Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's predetermened ovellead rate of $2.60 per machine-hour was based on o cost formula that esumates $228.800 of totat manufacturing overheod for an estimated activity level of 88,000 machine hours Required: 1. Assurne that during the year the company works only 83,000 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 applled to Work in Procest for the year: and make the entry in your T-occounts. 24. Compute the amount of underapphed of overappled overhead for the year and show the balance in your Manufacturing Overhead T-account 28. Prepare a journal entry to ciose the company's underoppled or overappled overhead to Cost of Goods 50id Complete this question by entering your answers in the tabs below. Conpute the amount of overhead coat that would be applad to Work in Brocess for the year and make the ontry in your T-acceunts. Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's predetermened ovellead rate of $2.60 per machine-hour was based on o cost formula that esumates $228.800 of totat manufacturing overheod for an estimated activity level of 88,000 machine hours Required: 1. Assurne that during the year the company works only 83,000 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 applled to Work in Procest for the year: and make the entry in your T-occounts. 24. Compute the amount of underapphed of overappled overhead for the year and show the balance in your Manufacturing Overhead T-account 28. Prepare a journal entry to ciose the company's underoppled or overappled overhead to Cost of Goods 50id Complete this question by entering your answers in the tabs below. Conpute the amount of overhead coat that would be applad to Work in Brocess for the year and make the ontry in your T-acceunts