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I need 3 parts ( 4 questions total ) that i need for this problem E17-19 (similar to) Selected cost data for Premium Poster, Co.
I need 3 parts ( 4 questions total ) that i need for this problem
E17-19 (similar to) Selected cost data for Premium Poster, Co. are as follows: E: (Click the icon to view the cost data.) Read the requirements - X Requirements Requirement 1. Compute the predetermined overhead allocation rate per direct labor dollar. Estimated overhead cost 140,000 Estimated direct labor cost 87.500 Predetermined overhead allocation rate 160 % $ 1. Compute the predetermined overhead allocation rate per direct labor dollar. 2. Prepare the journal entry to allocate overhead cost for the year. 3. Use a T-account to determine the amount of underallocated or overallocated maunfacturing overhead. 4. Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead. Requirement 2. Prepare the journal entry to allocate overhead cost for the year. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Dec. 31 Print Done - X Data Table Estimated manufacturing overhead cost for the year Estimated direct labor cost for the year Actual manufacturing overhead cost for the year Actual direct labor cost for the year $ 140,000 87,500 114.000 68,000 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts Clear All remainingStep by Step Solution
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