Root Company produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses Root Company reports the following cost data for the past year HE (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 rate, then compute the rate Predetermined overhead rate per machine hour Requirement 2. Calculate the allocated manufacturing overhead for the past year Manufacturing overhead allocated Requirement 3. Compute the under allocated or overalocated manufacturing overhead How will this under located or overallocated manufacturing overhead be disposed of First calculate the preliminary manufacturing overhead balance using the Taccount Men haar Choose from any list or enter any number in the input reds and then continue to the next question Requirement 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? First calculate the preliminary manufacturing overhead balance using the T-account Manufacturing Overhead Close the under-or overallocated overhead to Cost of Goods Sold by journalizing the entry Record debits first, then credits Exclude explanations from any journal entries) Journal Entry Date Accounts Debit Credit Read the tirements Close the under overallocated overhead to Cost of Goods Sold by journalizing the entry Record debits first the credits Exclude explanations from any journal entries) Journal Ewy Date Accounts Debit Credit I with the budgeted amount Managers will also investigate only Reglement 4. How can managers use accounting information to help control manufacturing overhead co? To control manufacturing overhead managers come theater amounts to and budgeted amount to try the reasons why acco Choose from any store any sumber in the routes and then into the next to pany allocates mat 0 Data Table - X t data for the pas Actual Budget 7,600 hours d to Cost of Goods S s.) 6,600 hours $ 24.500 6,200 hours 6,500 hours $ 24,500 ournal Entry unts $ 51,000 $ 53,000 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 Plant utilities Direct labor cost $ 12.000 $ 9.500 $ 68,000 $ 39,000 $ 20.000 $33.400 $ 73,000 $ 70,500 $ 40,000 $ 22.500 $ 35.400 $ 85,500 se accounting informatio also investigate only ad, managers compare th e reasons why actual costs Print Done e company allocates mahut overledd Ddsed on le mamme louis Eden JOD pally se onowing cost dald for me past year - X 0 Requirements erhead to Cost of Goods Sold by entries) Journal Entry Accounts 1. Compute the predetermined manufacturing overhead rate 2. Calculate the allocated manufacturing overhead for the past year 3. Compute the underallocated or overallocated manufacturing overhead. How will this under allocated or overallocated manufacturing overhead be disposed of? 4. How can managers use accounting information to help control manufacturing overhead costs? gers use accounting information to he Print Done Jrs will also investigate only erhead, managers compare the actul fy the reasons why actual costs
