Selected cost data for European Print, Co. are as follows:

Requirement 2 . Prepare the journal entry to allocate overhead costs for the year. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

- Data table $ 120,000 Estimated manufacturing overhead cost for the year Estimated direct labor cost for the year Actual manufacturing overhead cost for the year Actual direct labor cost for the year 100,000 119,000 75,000 Print Done Requirement 2. Prepare the journal entry to allocate overhead costs for the year. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Dec. 31