Selected cost data for Beesly Designs are as follows: Beesly Designs Cost Data Estimated manufacturing overhead cost per year $115,011 Estimated direct labor cost for the year $98,300 Actual manufacturing overhead cost for the year $92,000 Actual direct labor cost for the year $69,300 (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. Compute the predetermined overhead allocation rate per direct labor dollar. Total estimated overhead cost ? Total estimated quantity of the overhead allocation base Predetermined Overhead Allocation Rate (%) 2. Prepare the journal entry to allocate overhead costs for the year. Date Description Debit Credit 3. Use the T-account to determine if the amount is underallocated or overallocated manufacturing overhead Manufacturing Overhead T 4. Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead. Date Description Debit Credit