Superior Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Superior Uniforms reports the following cost data for the past year: S: (Click the icon 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. = 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 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 Superior Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Superior Uniforms 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 Accounts Date 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 differences between actual and budgeted To help control manufacturing overhead, managers compare the actual line item amounts for amounts to identify the reasons why actual costs VI Data Table Budget Actual Direct labor hours. 7,500 hours 6,200 hours Machine hours. 6,300 hours 6,500 hours Depreciation on salespeople's autos $ 20,500 $ 20,500 Indirect materials.. $ 48,000 $ 51,500 $ 16,000 $ 13,500 $ 65,500 $ 67,000 Depreciation on trucks used to deliver uniforms to customers Depreciation on plant and equipment. Indirect manufacturing labor. Customer service hotline $ 39,500 $ 40,500 $ 21,500 $ 22,500 Plant utilities $ 36,000 $ 37,500 Direct labor cost 73,000 $ 85,000 Print Done