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 $2.30 per machine-hour was based on a cost formula that estimates $225,400 of total manufacturing overhead for an estimated activity level of 98,000 machine-hours. Required: 1. Assume that during the year the company works only 93,000 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 underapplied or overapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 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 Debit Credit Debit (a) (Direct materials) 890,000 (Direct labor) 108,000 (Maintenance) 39,000 (Indirect materials) 9,800 (Indirect labor) 60,000 (Utilities) 45,000 (Insurance) 8,800 (Depreciation) 55,000 Balance (Overhead) (a) Credit Required A Required B Required C In requirement (a), can the consolidated totals be determined without knowing which method the parent used to account for the subsidiary? Consolidated totals Required A Required B Required C If the parent uses the equity method, what consolidation entries would be used on a 2021 worksheet? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list Consolidation Worksheet Entries < 2 3 4 5 Prepare Entry S to eliminate the beginning stockholders' equity of the subsidiary. Note: Enter debits before credits. Event S Accounts Debit Credit Record entry Clear entry view general journal Consolidation Worksheet Entries 1 2 3 4 5 Prepare Entry A to recognize the unamortized allocation balances as of the beginning of the current year. Note: Enter debits before credits. Event A Accounts Debit Credit Record entry Clear entry view general journal > Consolidation Worksheet Entries 1 2 3 4 5 Prepare Entry I to remove the equity income recognized during the year - equity method. Note: Enter debits before credits. Event Accounts Debit Credit Record entry Clear entry view general journal Consolidation Worksheet Entries 1 2 3 4 5 Prepare Entry D to remove the Intra-entity dividend declarations. Note: Enter debits before credits. Event D Accounts Debit Credit Record entry Clear entry view general journal Consolidation Worksheet Entries 1 2 3 4 5 Prepare Entry E to recognize the excess acquisition-date fair-value amortizations for the period. Note: Enter debits before credits. Event E Accounts Debit Credit Record entry Clear entry view general journal >