Munoz Corporation uses ABC to determine product costs for external financial reports. At the beginning of the year, management made the following cost and activity estimates in the company's five activity cost pools: Activity Cost Pool Labour related Purchase orders Product testing Template etching General factory Activity Measure Direct labour-hours Number of orders Number of tests Number of templates Machine-hours Estimated Overhead Cost $ 207,200 48,240 145,000 295,840 657,200 $ 1,353,480 Expected Activity 28,000 DLHS 720 orders 1,450 tests 8,600 templates 53,000 MHS Required: 1. Compute the activity rate (l.e., predetermined overhead rate) for each of the activity cost pools. (Round your answers to 2 decimal places.) Activity Cost Pool Labour related Purchase orders Product testing Template etching General factory Activity Rate per DLH per order per test per template per MH $ 2. During the year, actual overhead cost and activity were recorded as follows: Actual Overhead Activity Cost Pool Cost Actual Activity Labour related 196,840 28,500 DLHS Purchase orders 53,060 710 orders Product testing 147,900 1,440 tests Template etching 289,920 8,450 templates General factory 670,300 51,500 MHS Total overhead cost $ 1,358,020 a. Prepare a journal entry to record the incurrence of actual manufacturing overhead cost for the year (credit accounts payable). Post the entry to the company's manufacturing overhead T-account. (If no entry is required for a particular transaction, select "No Journal entry required" In the first account field.) Record entry Clear entry View general Journal Manufacturing Overhead d. Determine the amount of underapplied or overapplied manufacturing overhead for the year. (Round Intermediate calculations to 2 decimal places and final answer to nearest dollar amount.) manufacturing overhead 3. The sctual activity for the year was distributed among the company's four products as follows: Activity Cost Pool Actual Activity Product A Product B Product C Labour related 28,580 DLHS 2,852 8,550 9,580 Purchase orders 718 orders 160 199 138 Product testing 1,448 tests 430 230 200 Template etching 8,450 templates 3.380 1,699 845 General factory 51,5 MHS 15,452 12,360 5,15e Product D 7.600 230 58e 2.535 18.542 a. Determine the total amount of overhead cost applied to each product (Round Intermediate calculations to 2 decimal places and final answers to nearest dollar amount.) Total Overhead Coat Product A Products Product Product D b. Does the total amount of overhead cost applied to the products above relate to the T-accounts in any way? Yes O No