I need help filling out the charts and sheet.
At the beginning of the year. Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $460,000, and direct materials costs, $200,000 At yearend, the company's records SI'IOW that actual overhead costs for the year are $1,208,100 Actual direct materials coat had been assigned topbs as follows, Jobs Completed and sold $396,668 Jobs in Finished goods inventory 85,8!9 Jobs in work in process inventory 46,889 Total actual direct materials CDSt $521.999 1. Determine the predetermined overhead rate. 25.3. Enter the overhead costs incurred and the amounts. applied tojobs during the year using the predetermined overhead rate and determine whether overhead is overappiied or uhderapplied, 4. Prepare the adjusting entry to allocate any over, or underapplied overhead to Cost ofGoods Sold, Complete this question by entering your answers in the tabs below. Reql Reqzands Req4 Determine the predetermined overhead rate. Req 2 and 3 At the beginning of the year, Custom Mfg, established its predetermined overhead rate by using the following cost predictions: overhead costs, $460,000, and direct materials costs, $200,000 At yeartend, the company's records show that actual overhead costs for the year are $1,208,100. Actual direct materials cost had been assigned tojobs as follows. Jobs completed and sold $396,939\" Jobs in finished goods inventory 85,666 Jobs in work in pr'o(e5 inventory 46,666 Total attual dir'e(t materials Cost $511,666 1. Determine the predetermined overhead rate, 283. Enter the overhead costs incurred and the amounts applied tojobs during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied. 4. Prepare the adjusting entry to allocate any over, or underapplied overhead to Cost ofGoods Sold. Complete diis question by emering your answers in the tabs below. Req l Req 4 Enter the overhead costs incurred and the amounts applied during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied. ( Req1 Req4 ) At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $460,000, and direct materials costs, $200,000, At year-end, the company's records show that actual overhead costs forthe year are $1,208,100, Actual direct materials cost had been a55lgned to jobs as follows, Jehs (Dmpleted and Sold $398,883 Jobs in finished goods inventory 85,980 Jobs in work in process inventory 46,886 Total actual direct material: cost 5521.939 1. Determine the predetermined overhead rate, 233. Enter the overhead costs incurred and the amounts applied toiobs during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied, 4. Prepare the adjusting entry to allocate any over, or underappliecl overhead to Cost of Goods Sold. Complete this quson by entering your answers in the tabs below. Reql RquandB Prepare the adjusting entry to allocate any were or underapplied overhead to Cost of Goods Sold. View transaction st Journal entry worksheet Record entry to allocate underapplled foverapplied overhead. Mute: Enter debits before credits. ( Req 2 and 3
