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 $213.900 of total manufacturing overhead for an estimated activity level of 93.000 machine-hours. Required: 1. Assume thet during the year the company works only 88,000 machine-hours and incurs the following costs in the Manufacturing Overness 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 underspplied or overspplied overhead for the year and show the balance in your Manufacturing 2B. Prepare a journal entry to close the compeny's underapplied or overopplied overhead to cost of Goods Sold. Overhead T-account 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. Manufacturing Overhead 34,000 9,300 (a) Direct materials) Direct labor) Overhead) (a) Work In Process 840,000 103,000 68,000 (Maintenance) Indirect materials (indirect labor (Ulities) insurance Depreciation Balance 40,000 8,300 45,000 log Req2A > Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account. manufacturing 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 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 View general journal