Hello I have a cost accounting question.

Sylvan Company uses activity-based costing to determine product costs for external financial reports. Some of the entries have been completed to the manufacturing overhead account for the current year, as shown by entry (a) below:

Manufacturing Overhead (a) 2,318,000

Required: 1. What does entry (a) represent? Actual manufacturing overhead cost incurred Overhead applied Machine-hours

2. At the beginning of the year, the company made the following estimates of cost and activity for its five activity cost pools:

Activity Cost Pool Activity Measure Estimated Overhead Cost Expected Activity Labour related Direct labour-hours $ 592,000 37,000 DLHs Purchase orders Number of orders 38,740 1,490 orders Parts management Number of part types 363,000 397 part types Board etching Number of boards 448,000 1,970 boards General factory Machine-hours 678,720 80,800 MHs

Compute the activity rate (i.e., predetermined overhead rate) for each of the activity cost pools. (Round your final answers to 1 decimal place.)

3. During the year, actual activity was recorded as follows:

Activity Cost Pool Actual Activity Labour related 40,000 DLHs Purchase orders 1,280 orders Parts management 419 part types Board etching 2,130 boards General factory 82,000 MHs

Determine the amount of manufacturing overhead cost applied to production for the year. (Round intermediate calculations to 1 decimal place and final answers to the nearest whole dollar amount.)

4. Determine the amount of underapplied or overapplied overhead cost for the year. (Round intermediate calculations to 1 decimal place and final answers to the nearest whole dollar amount.)