Selected cost data for European Print, Co. are as follows EB (Click the icon to view the cost data.) Read the equirements Requirement 1. Compute the predetermined overhead allocation rate per direct labor dollar Data Table allocation rate $ 150,000 Estimated manufacturing overhead cost for the year Requirement 2. Prepare the journal entry to allocate overhead cost for the year. (Record debits first, then credits. Exclude explanations from joumal entries.) 93,750 Estimated direct labor cost for the year Credit Date Debit Actual manufacturing overhead cost for the year 117,000 Dec. 31 71,000 Actual direct labor cost for the year Print Done Requirement 3. Use a T-account to determine the amount of underalccated or overallocated manufacturingerhead. 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 Manulacturing overhead is 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.) Credit Debit Accounts Date Dec. 31