Root Company produces uniforme. The company allocatos manufacturing overhead based on the machine hours each buien Root Company reports the following cont data for the past year: m (Click the icon to view the cost data) Read the requirements Requirement 1. Compute the predetermined manufacturing overhead rate Enter the formula for predetermined manufacturing overhead rato, then compute the rate Predetermined overhead rate por 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 underatocated or over allocated manufacturing overhead be disposed of? First calculate the preliminary manufacturing overhead balance using the T-account Manufacturing Overead Close the under-ar overallocated overhead to Cost of Goods Sold by journalizing the entry (Record debits first, then credits. Exclude explanations from any journal entries. Check your spelling Journal Entry Arrunts Debit Credit Close the under or overallocated overhead to cost of Goods Sold by joumalizing the entry (Record debits first, then credits. Exclude explorations from any moreChe pour toi Journal Entry Date Accounts Debit Credit Requirement 4. How can managers use accounting information to help control manufacturing overhead costs? To help control manufacturing overhead, managers compare the actual line item amounts for with the budgeted amount Managers will also inten Record debits first, the credits Exclude explanations from any ouma entries. Check your spoiling camely and not to overhead costs? with the budgeted amount Managers will also investigate only differences beach and budged on to the wych H... Data Table Direct labor hours. 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... Budget Actual 7,000 hours 6,000 hours 6,800 hours 6,400 hours $ 22,500 $ 22,500 $ 48,500 $ 52,000 $ 14,000 $ 12,500 $ 68,000 $ 70,500 $ 41,000 $ 43,000 $ 19,000 $ 21,500 $ 39.700 $ 41,700 73,500 $ 87,000 Plant utilities. Direct labor cost. Print Done areful