ns, Journa 12 43 10 Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's predetermined overhead rate of $2.30 per machine-hour was based on a cost formula that estimates $213.900 of total manufacturing overhead for an estimated activity level of 93.000 machine hours Required: 1 Assume that during the year the company works only 88,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts 2A Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account 28. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold Complete this question by entering your answers in the tabs before D Compute the amount of overhead cut that would be applied to Work in Process for the year and make the entry in your accounts Manc 34.000 5300 000 000 000 Wus in Procee Det material) 840000 103 000 Overhead > Sh 28. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold Complete this question by entering your answers in the tabs below. Red 1 Req 24 Req 28 Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account. achuting overhead 14 www.missCONTIST Journal entry worksheet Record the entry to close the balance of the manufacturing overhead account to COGS account. Evant General Journal Debit Credit Record entry Clar entry Req 2A View general journal