please complete all of the required because it is all 1 question
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 $2.40 per machine hour was based on a cost formula that estimates $192,000 of total manufacturing overhead for an estimated activity level of 80.000 machine hours Required: 1. Assume that during the year the company works only 75.000 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 below. RegZA Reg 28 accounts. Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your Manufacturing Overhead Work in Process Mantenance 21 000 Drama ) 710 000 3 000 Drect labor) 00000 Overhead 000 00 000 Required: 1. Assume that during the year the company works only 75,000 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 below. Reg 1 Req 2A Reg 2B 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 Manufacturing Overhead 21,000 3000 50 000 (Direct materials) (Direct labor Work in Process 710,000 90 000 Maintenance) Indirect materials) Indirect labor) (Utilities) Insurance) (Overhead) (a) 32.000 7.000 56.000 (Deprecation) Balance Req 2A > Required: 1. Assume that during the year the company works only 75,000 machine-hours and incurs the following costs in the Manufact Overhead and Work in Process accounts: Compute the amount of overhead cost that would be applied to Work in Process for 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 below. Reg 1 Req Reg 28 Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-Account from Req 1. manufacturing overhead Reg 1 Reg 2A Req 28 Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. (If no entry is requl transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry to close the balance of the manufacturing overhead account to COGS account Note: Enter debits before credits Event General Journal Debit Credit Record entry Clear entry View general journal
