Selected cost data for European Print, Co. are as follows: E (Click the icon to view the cost data.) Data Table Requirements 1. Compute the predetermined overhead allocation rate per direct labor dollar. 2. Prepare the journal entry to allocate overhead cost for the year. Use a T-account to determine the amount of underallocated or overallocated maunfacturing overhead. Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead. Estimated manufacturing overhead cost for the year $ 120,000 3. Estimated direct labor cost for the year 100,000 4. Actual manufacturing overhead cost for the year 117,000 Actual direct labor cost for the year 76,000 Print Done