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please help Linzee Liners estimates that its manufacturing overhead will be $1,761,800 in Year 1 . It further estimates that direct labor costs will amount
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Linzee Liners estimates that its manufacturing overhead will be $1,761,800 in Year 1 . It further estimates that direct labor costs will amount to $766,000. During March, Linzee worked on four jobs with actual direct labor costs of $36,600 for Job 0301,$24,100 for Job 0302,$33,600 for Job 0303 , and $17,600 for Job 0304 . Actual manufacturing overhead costs for the year were $1,750,000. Actual direct labor costs for the year were $751,000. Manufacturing overhead is applied to jobs based on direct labor costs using predetermined rates. The amount of overhead applied in each of the inventory accounts at the end of Year 1 is as follows Required: Prepare on entry to allocate the over-or underapplied overhead. Note: if no entry is required for a transoction/event, select "No journal entry required" in the first occount field. sournai entry worksneet Record an entry to allocate the over-or underapplied overhead. Note: Enter debits before credits Step by Step Solution
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