Please help with below questions
Root Company produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Root Company reports the following cost data for the past year: (Click the icon to view the cost data.) Read the requirements. C. Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate. = Predetermined overhead rate per machine hour Requirement 2. Calculate the allocated manufacturing overhead for the past year. Manufacturing overhead allocated Requirement 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? First calculate the preliminary manufacturing overhead balance using the T-account. Manufacturing Overhead Requirements 1. Compute the predetermined manufacturing overhead rate. 2. Calculate the allocated manufacturing overhead for the past year. 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? 4. How can managers use accounting information to help control manufacturing overhead costs? Root Company produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Root Company reports the B (Click the icon to view the cost data.) Read the requirements 1. Compute the predetermined manufacturing overhead rate. 2. Calculate the allocated manufacturing overhead for the past year. 3. Compute the underallocated or overallocated manufacturing overhead. H will this underallocated or overallocated manufacturing overhead be disp of? 4. How can managers use accounting information to help control manufactu overhead costs? First calculate the preliminary manufacturing overhead balance using the T-account Manufacturing Overhead Print Done | JI Close the under-or overallocated overhead to Cost of Goods Sold by journalizing the entry. (Record debits then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Requirement 4. How can managers use accounting Information to help control manufacturing overhead costs? with the budgeted amounts. Managers will also investigate only V differences between actual and budgeted To help control manufacturing overhead, managers compare the actual line item amounts for amounts to identify the reasons why actual costs X Data Table Budget Actual Direct labor hours., 7,200 hours 6,600 hours 7,100 hours 6,800 hours 23,000 $ 23,000 $ 52,000 $ 54,500 Machine hours. Depreciation on salespeople's autos Indirect materials. ..... Depreciation on trucks used to deliver uniforms to customers Depreciation on plant and equipment. . Indirect manufacturing labor. Customer service hotline $ 14,500 $ 13,000 64,000 $ 39,000 $ 20,500 $ 66,000 42,000 22,500 39,200 86,000 Plant utilities $ 36,700 $ Direct labor cost. $ 73,000 $ Print Done
