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.) Data Table Read the requirements. - Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Direct labor hours. = Predetermined overhead rate per machine hour Requirement 2. Calculate the allocated manufacturing overhead for the past year. Manufacturing 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.. Customer service hotline Plant utilities .... Budget Actual 7,400 hours 6,200 hours 6,600 hours 6,500 hours S 22,000 $ 22.000 $ 48,500 $ 50,500 $ 15,500 $ 14,000 $ 69,000 $ 71,500 S 43,000 $ 45,000 $ 20,000 $ 22,000 $ 11,100 $ 13,600 $ 70,000 $ 85,000 overhead allocated Requirement 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or o First calculate the preliminary manufacturing overhead balance using the T-account Direct labor cost.... Manufacturing Overhead Print Done Choose from any list or enter any number in the input fields and then continue to the next question. 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 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 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 Date Accounts Debit Credit 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 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 Date Accounts Debit Credit Requirement 4. How can managers use accounting information to help control manufacturing overhead costs? with the budgeted amounts. Managers will also investigate only V differences between actual To help control manufacturing overhead, managers compare the actual line item amounts for and budgeted amounts to identify the reasons why actual costs Choose from any list or enter any number in the innuit fields and then continue to the navt