Homework: Chapter 3 Homework Score: 0.16 of 1 pt P3-45A (similar to) SU The company and what of complete the che tours e s Supports the following costs for the past year 6.500 Deactor hours $200 - 3 0 .000 Manasturing wondo 6.300 189,000 Requirement 3. Compute the underallocated or overallocated manufacturing overhead How will this underallocated or ove First calculate the preliminary manufacturing overhead balance using the T-account Manufacturing Overhead Actual indirect materials 50,500 Manufacturing overhead allocated 189.000 Actual depreciation on plant and equipment 66,500 Actual indirect manufacturing labor 43,500 Actual plant utilities 42,000 End Bal 13,500 Close the under-or overallocated overhead to Cost of Goods Sold by journalizing the entry (Record debits first, then credits Journal Entry Accounts Debit Credit Date Requirement 1. Compute the predetermined manufacturing overhead rate Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Estimated yearly overhead costs Estimated yearly machine hours + Predetermined overhead rate 195,000 - S 30 per machine hour 6,500 Requirement 2. Calculate the allocated manufacturing overhead for the past year Predetermined overhead rate Actual machine hours 6,300 Manufacturing overhead allocated 189,000 Requirement 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallo First calculate the preliminary manufacturing overhead balance using the T-account Manufacturing Overhead 50,500 Manufacturing overhead allocated 66,500 189,000 Actual indirect materials Actual depreciation on plant and equipment Actual indirect manufacturing labor Actual plant utilities End Bal 43.500 42,000 13 500 Close the under- or overallocated overhead to Cost of Goods Sold by journalizing the entry. (Record debits first, then credits E> Journal Date Account Credit nead Data Table Actual Direct labor hours Machine hours Budget 7,600 hours 6,500 hours $ 20,000 $ 49,000 6,000 hours 6,300 hours $ 20,000 $ 50,500 any jou Depreciation on salespeople's autos Indirect materials Depreciation on trucks used to deliver uniforms to customers Depreciation on plant and equipment Indirect manufacturing labor Customer service hotline Plant utilities Direct labor cost $ 13,000 $ 64,000 $ 42,500 $ 21,500 $ 39,500 $ 69,500 $ 11,500 S 66,500 $ 43,500 $ 22,500 $ 42,000 S 84,000 Print Done