Requirement t outes preden wecation 333 S2 SI 500.000 OSETE Al the beginnin Mar Dire Mac At the end of 20 Is manufacturing overhead under located or overallocated? By how much? Manufacturing overhead is Joys Requirement 4. Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead Does your entry increase or decrease cost of goods sold? Direct labore Depreciation Property taxes Sales salaries Delivery driver Plantjanitor's Machine hours Debit Accounts Date Credit Dec 31 Does your entry increase or decrease Cost of Goods Sold? This entry Cost of Goods Sold Choose from any list or enter any number in the input fields and then continue to the next question Flores Foundry uses a predetermined overhead allocation rate to allocate overhead to individual jobs, based on the machine hours required (Click the icon to view the costs) Read the requirements Requirement 1. Compute Flores' predetermined overhead allocation rate Predetermined overhead allocation rate per machine hour Requirement 2. Prepare the journal entry to allocate manufacturing overhead. (Record debits first, then credits. Exclude explanations from any journal entries.) Date Accounts Debit Credit Dec. 31 Requirement 3. Post the manufacturing overhead transactions to the T-account and calculate the balance. (Enter the ending balance on the last line.) Manufacturing Overhead Choose from any list or enter any number in the input fields and then continue to the next question. Is manufacturing overhead underallocated or overallocated? By how much? Manufacturing overhead is by $ Requirement 4. Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead Does your entry increase or decrease cost of goods s Date Accounts Debit Credit Dec 31 Does your entry increase or decrease Cost of Goods Sold? This entry Cost of Goods Sold Choose from any list or enter any number in the input fields and then continue to the next question. house Cad i Data Table At the beginning of 2018, the company expected to incur the following Manufacturing overhead costs $ 880,000 Direct labor costs 1,440,000 Machine hours 80,000 hours At the end of 2018, the company had actually incurred: $ 1,160,000 Direct labor costs Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries Delivery drivers' wages Plant janitor's wages Machine hours 530,000 31,850 28,500 24,000 20,000 66,000 hours e ending ba Print Print Done Done