Milsaps Company produces sportsmen's digital scales. In preparing the current budget, Milsaps controller estimates a total of $317.000 in direct materials cost $214.000 in direct labor cost and $335.980 in manufacturing overhead costs. Since much of the production process requires skilled workers to assemble the les direct labor cost is used as the overhead application base. At the end of the period. M aps reported actual results as follows direct materials cost of $318.000, direct labor cost of $200.000, and manufacturing overhead cost $309 310 What is Milsaps predetermined overhead rate for the year! Milsaps predetermined overhead rate How much manufacturing overhead did Milsaps apply during the year? Manufacturing overheads Save for Later Attempts: 0 of 1 used Submit Arower What is the journal entry to close Overhead if the amount is considered to be insignificant? (Enter debit entries first followed by Credit entries Credit account entered Do not indent manually) automatically indented when the amount is Account and explanation Debit Credit