Selected cost data for a company are as follows:

.

1. Compute the predetermined overhead allocation rate per direct labor dollar.

				Predetermined overhead
	/		=	allocation rate
	/		=		%

2 . Prepare the journal entry to allocate overhead cost for the year. (Record debits first, then credits. Exclude explanations from journalentries.)

Date			Accounts	Debit	Credit
Dec. 31

3. Use a T-account to determine the amount of underallocated or overallocated manufacturing overhead.

Start by posting the actual and allocated manufacturing overhead to the T-account. (Use the first available cell to post each amount. Do not input the balance in the T-account.)

	Manufacturing Overhead

Manufacturing overhead is

by $

.

Requirement 4 . Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead. (Record debits first, then credits. Exclude explanations from journal entries.)

Date			Accounts	Debit	Credit
Dec. 31

X Data Table Estimated manufacturing overhead cost for the year 120,000 Estimated direct labor cost for the year 100,000 100,000 Actual manufacturing overhead cost for the year Actual direct labor cost for the year 69,000