The Carlin Fabrication Plant suffered a fire incident at the beginning of the year, which resulted in the loss of property including the accounting records. Some data for the year were retrieved, and extracts from it are shown below: Total manufacturing overhead costs estimated at the beginning of the year $102,500 Total direct labor costs estimated at the beginning of the year $186,000 Total direct labor hours estimated at the beginning of 3100 direct labor the year hours Total machine hours estimated at the beginning of the year 9200 machine hours Actual manufacturing overhead costs for the year $96,800 Actual direct labor costs for the year $140,000 Actual direct labor hours for the year 2200 direct labor hours Actual machine hours for the year 10,900 machine hours The company's manufacturing overhead allocation is based on the number of machine hours. Required: 1. Compute the predetermined overhead rate per machine hour. 2. Prepare the journal entry to allocate overhead costs for the year. 3. Determine the amount of under-allocated or overallocated manufacturing overhead. 4. Prepare the journal entry to adjust cost of goods sold for the overallocated or under-allocated manufacturing overhead