Suit Up produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Suit Up 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 manufacturin Enter the formula for predetermined manufacturing overhe Estimated yearly overhead costs Requirement 2. Calculate the allocated manufacturing ove Data table Estimated ye Direct labor hours Budget Actual 7,400 hours 6,200 hours Machine hours 6,800 hours 6,500 hours Depreciation on salespeople's autos $ 24,000 $ 24,000 Indirect materials $ 49,000 $ 50,000 Depreciation on trucks used to deliver uniforms to customers $ 14,500 $ 13,500 Depreciation on plant and equipment 70,000 $ 71,500 Indirect manufacturing labor $ 41,000 $ 42,000 Customer service hotline 19,500 $ 21,000 Plant utilities $ 37,200 $ 38,200 Direct labor cost 73,000 $ 86,000 Requirement 3. Compute the underallocated or overalloca First calculate the preliminary manufacturing overhead bala Manufactu Print Done 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