Regal Woods manufactures jewelry boxes. The primary materials (wood, brass, and glass) and direct labor are assigned directly to the products. Manufacturing overhead costs are allocated based on machine hours. Data for 2018 follow: (Click the icon to view the cost data.) Read the requirements. Data table . Requirement 1. Compute the predetermined overhead allocation rate. Round to two decimal places Estimated Actual Predetermined overhead allocation rate per machine hour Requirement 2. Post actual and allocated manufacturing overhead to the Manufacturing Overhead T-account. (Enter the ending balan Manufacturing Overhead Machine hours Maintenance labor (repairs to equipment) Plant supervisor's salary Screws, nails, and glue Plant utilities Freight out Depreciation on plant and equipment Advertising expense 30,000 hours 32,700 hours S 13,000 S 22.500 44,000 49,000 24,000 48,000 49,000 91,850 34,000 47,500 93,100 89,000 44,000 55,000 Print Done Requirement 3. Prepare the joumal entry to adjust for underallocated or overallocated overhead. (Record debits first, then credits. Exq Date Accounts Debit Credit