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 empts Enter the formula for predetermined manufacturing overhead rate, the compute the rate Estimated yearly overhead costs / Estimated yearly machine hours . Predetermined overhead rate 6400 = 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 wil this underallocated or overallocated manufacturing overhead be disposed of? First calculate the preliminary manufacturing overhead balance using the T-account. empt Manufacturing Overhead Dof Close the under or overallocated overhead to Cost of Goods Sold by joumalizing the entry (Record debits first, then credits. Exclude explanations from any jumal entries.) Journal Entry Debit Credit Requirement 4. How can managers use accounting information to help control manufacturing overhead costs? with the budgeted amounts Managers To help control manufacturing overhead, managers compare the actual line item amounts for will also investigate only offerences between actual and budgeted amounts to identify the reasons why actual costs Choose from any list or enter any number in the input fields and then continue to the next question me icon to view the i Data Table quirements Budget Actual nder- or overallocat 6.400 6,600 planations from any jour Direct labor hours. Machine hours....... Depreciation on salespeople's autos... Indirect materials .... 7,300 hours 6,400 hours $ 24,000 $ 49,000 hours hours $ 24,000 $ 51,000 Depreciation on trucks used to deliver uniforms to customers Depreciation on plant and equipment... Indirect manufacturing labor... Customer service hotline..... Plant utilities. .. $ 14,000 $ 71.000 $ 40,500 $ 11,500 $ 73,000 $ 41,500 $ 20,000 $ 7,400 $ 86,000 $ 19,000 mnt 4. How can man 5,900 $ 71,000 Direct labor cost.... rol manufacturing estigate only udgeted amounts. Manag Print Print Done Done