Root 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 Machine hours 24,500 hours 32,400 hours Predetermined overhead $ 28,500 allocation rate 19 000 $ 41.000 49,000 per machine hour 21,000 48.000 Requirement 2. Post actual and allocated manufacturing overhead to the Manufacturing Overhead T-account. (Enter the ending balance on the last line.) Maintenance labor (repairs to equipment) Plant supervisor's salary Screws, nails, and glue Plant utilities Freight out Depreciation on plant and equipment Advertising expense 42,000 93,850 Manufacturing Overhead 34.000 83,800 47,500 80,000 57.000 42.000 Print Done Requirement 3. Prepare the journal entry to adjust for underallocated or overallocated overhead (Record debits first, then credits. Exclude explanations from any journal entries.) Date Accounts Debit Credit Dec 31