runner company estimates the company will incur $99,750 in overhead cost

Runner Company estimates the company will incur $99,750 in overhead costs and 5,250 direct labor hours during the year. Actual direct labor hours were 4,650 Calculate the predetermined overhead allocation rate using direct labor hours as the allocation base, and prepare the journal entry for the allocation of overhead 99,750 5.250 19 per direct labor hour Prepare the journal entry for the allocation of overhead. First, select the formula to calculate the overhead costs allocated. Fill in the labels and complete the formula below. Predetermined overhead allocation rate Total actual direct labor hours Allocated overhead costs X 19 4,650 88,350 Prepare the journal entry for the allocation of overhead. (Record debits fist, then credits. Exclude explanations from any journal entries) Debit Credit Accounts Date Choose from any list or enter any number in the input fields and then click Check Answer AOCaled overh 4,650 88,35 Prepare the journal entry for the allocation of overhead. (Record debits first, then credits. Exclude explanations from any jo Date Accounts Debit Credit Cost of Goods Sold Finished Goods Inventory Manufacturing Overhead check Choose fro Raw Materials Inventory Wages Payable All parts sl Work-in-Process Inventory Answer ick Clear All This course (19SUCMP Princinler.af