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need help asap! Insert Fake Company Name Here Industries makes furniture using the latest automated technology. The company uses a job order costing system and

image text in transcribedneed help asap!
Insert Fake Company Name Here Industries makes furniture using the latest automated technology. The company uses a job order costing system and applies manutac rate at the beginning of the year Machinebours 50.000 Fixed manufacturing overhead cost $1,400.500 Variable manufacturing overhead per machine-hour $ 3.75 During the yea, a ghut of furniture on the market resulted in cutting back production and a buildup of furniture in the company's warehouse. The company's cost Machine hours 60,000 Manufacturing overhead cost $ 1.175.225 Investones at year-end Raw materials $420,000 Work in process S 110,000 Finished goods $ 1.050.000 Cost of goods sold $2.710,000 Do not use in Hound POHR to 2 decimal points round all other numbers to the are doll Compute the Company's predetermined overhead rate for the year Compute the Allocated overhead Compute the underlocated or over located overhead for the year (Answer Format Number and then Under Allocated or OverAlloc Based on your answer for "C" record the proper journal entry to close cut overallocated under allocated manufacturing overhead Tournal Entry Format: Debut Account Credit Account What is the impact of your journal entry on the Company net income? Hinter options increase Decrease, Stays the same No Change, Please ask someone else

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