= Homework: CH 2 HW Question 6, PM2-34A (similar to) Part 2 of 4 HW Score: 40%, 4 of 10 points Points: 0 of 3 Save Sloan Woods manufactures jewelry boxes. The primary materials (wood, brass, and glass) and direct labor are assigned directly to the products. Manufacturing overhead costs are allocated based on machine hours. Data for the year follow: (Click the icon to view the cost data.) Read the requirements. Requirement 1. Compute the predetermined overhead allocation rate. Round to two decimal places. Predetermined overhead Estimated overhead cost $ 206,800 Estimated machine hours 24,500 allocation rate $ 8.44 per machine hour Requirement 2. Post actual and allocated manufacturing overhead to the Manufacturing Overhead T-account. (Enter the ending Manufacturing Overhead Maintenance labor 27,500 263200 Plant supervisor's salary 46,000 Screws, nails and glue 49,000 Plant utilities 97,850 Depreciation Bal. 82,000 Data table Estimated Actual Machine hours 24,500 hours 32,900 hours Maintenance labor (repairs to equipment) $ 19,000 $ 27,500 Plant supervisor's salary 41,000 46,000 Screws, nails, and glue 21,000 49,000 Plant utilities 42,000 97,850 Freight out 35,000 44,500 Depreciation on plant and equipment 83,800 82,000 Advertising expense 44,000 55,000 Print Done