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question number 2 please Premium Woods makes jewelry boxes. The primary materials (wood, brass, and glass) and direct labor are assigned directly to the jobs.

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Premium Woods makes jewelry boxes. The primary materials (wood, brass, and glass) and direct labor are assigned directly to the jobs. Factory overhead costs are allocated based on machine hours. Data for 2019 are as follows: Estimated Actual Machine hours 26,500 hours 35,600 hours Maintenance labor $12,000 $29,500 Plant supervisor salary 43,000 49,000 Screws, nails and glue 23,000 48,000 Plant utilities 49,000 90,850 Delivery expense 35,000 47,500 Depreciation on plant 85,000 84,000 44,000 Advertising Expense 54,000 Requirements: 1. Compute the predetermined overhead allocation rate. 2. Post actual and allocated factory overhead to a T account. What is the balance? 3. Prepare the journal entry to adjust for the under or over allocated overhead

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