Points Possible: 10 To receive full credit, you must use cell references (links) to the Given Data when possible and use Excel formulas for all calculated amounts. (Do not copy and paste from the Given Data.) Save your file with your name in the file name. Submit on Canvas. In this assignment you will use Excel to compute and work with the predetermined overhead rate for a manufacturing company. Vancouver Fabricating, Inc. Manufacturing Overhead Report For the year ended Dec. 31, 2022 Computation of Predetermined Overhead Rate (POHR): Predetermined overhead rate: per machine-hour Computation of Underapplied or Overapplied Manufacturing Overhead: Actual total manufacturing overhead cost: Total manufacturing overhead applied to Work in Process during the year: Amount of underapplied (or overapplied) manufacturing overhead Was overhead underapplied or overapplied? Assume the company closes any balance in the Manufacturing Overhead account to Cost of Goods Sold. What journal entry should be made to close the Manufacturing Assume the company closes any balance in the Manufacturing Overhead account to Cost of Goods Sold. What journal entry should be made to close the Manufacturing Overhead account? TYPE IN ACCOUNT TITLES. Note: "Correct" indicator only applies to the AMOUNT, not the accounts. See Chapter 3 PowerPoint slide 44. Given Data This company applies manufacturing overhead on the basis of machine-hours. Below is information for the most recently completed year of operations