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 $250 per machine hour was based on a cost formula that estimates $237,500 of total manufacturing overhead for an estimated activity level of 95,000 machine hours. Required: 1. Assume that during the year the company works only 90,000 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 Taccount 20. 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. Regi ROG ZA Ren 28 Compute the amount of overhead coat that would be applied to work in docess for the year and make the entry in your accounts Maintenance indiem histon Manufacturing Overhead 36.000 9.500 75.000 41000 Direct materials) (Direct labor Overhead) Work in Process 360 000 105.000 20. Prepare a journdi eruy w ciose ne comptly underapplied or overapplied uvemedu i COST OF GOOUS SOIU Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 2B 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. Manufacturing Overhead Work in Process (Maintenance) 36,000 (a) (Direct materials) 860,000 (Indirect materials) 9,500 (Direct labor) 105 000 (Indirect labot) 75,000 (Overhead a (Utilities) 44.000 (Insurance 8.500 (Depreciation) 56,000 Balance Req2A > 2A. Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manu 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. Reg 1 Red 2A Reg 2B Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account. anufacturing overhead 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