Sloan Company produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses Sloan Company reports the following cost data for the past year: Click the icon to view the cost data) Read the requirements Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Estimated yearly overhead costs + Estimated yearly direct labor hours . Predetermined overhead rate per machine hour Requirement 2. Calculate the allocated manufacturing overhead for the past year Manufacturing overhead allocated Requirement 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? First calculate the preliminary manufacturing overhead balance using the T-account Manufacturing Overhead Choose from any list or enter any number in the input fields and then continue to the next question Sloan Company produces uniforms. The company locates manufacturing overhead based on the machine hours each job uses Sloan Company reports the following cost data for the past year Click the icon to view the cost data) Read the requirements Manufacturing Overhead Close the under or overallocated overhead to Cost of Goods Sold by journalizing the entry (Record debits first, then credits. Exclude explanations from any journal entries) Journal Entry Accounts Date Debit Credit Requirement 4. How can managers use accounting information to help control manufacturing overhead cost? To help control manufacturing overhead, managers compare the actual line item amounts for between actual and budgeted amounts to identify the reasons why actual costs with the budgeted amounts. Managers will also investigate only differences Choose from any list or enter any number in the input fields and then continue to the next question Saye for Later Eturing overhead rate. erhead rate, then compute the rate. yearly d 0 Requirements mg overhe 1. Compute the predetermined manufacturing overhead rate. 2. Calculate the allocated manufacturing overhead for the past year. 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? 4. How can managers use accounting information to help control manufacturing overhead costs? erallocated ad be disposed ead baland Print anufacturin Done 1 0 Data Table Direct labor hours Machine hours Depreciation on salespeople's autos Indirect materials Depreciation on trucks used to deliver.uniforms to customers. Depreciation on plant and equipment Indirect manufacturing labor Budget Actual 7,100 hours 6,100 hours 7,100 hours 6,500 hours 21,500 $ 21,500 50,000 $ 54,000 $ 15,000 $ 70,000 $ 72,500 $ 41,000 $ 43,000 $ 21,500 $ 23,500 30,700 $ 33,200 70,500 $ 84,500 16,000 $ Customer service hotline Plant utilities Direct labor cost Print Done