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The following information pertains to Clark Company for the year: (Click the icon to view the Information.) 13 14. Calculate the predetermined overhead allocation rate
The following information pertains to Clark Company for the year: (Click the icon to view the Information.) 13 14. Calculate the predetermined overhead allocation rate using direct labor hours as the allocation base. Determine the amount of overhead allocated during the year. Record the journal entry. Determine the amount of underallocated or overallocated overhead. Record the journal entry to adjust Manufacturing Overhead. 15. 13. Calculate the predetermined overhead allocation rate using direct labor hours as the allocation base Predetermined overhead Data Table allocation rate per direct labor hour $ 580,000 14. Determine the amount of overhead allocated during the year. Record the journal entry. Estimated manufacturing overhead $ 200,000 Aclual manufacturing overhead Estimated direct labor hours 8,000 hours Actual direct labor hours 8.250 hours Overhead allocated Print Done Record the journal entry. (Record debits first, then credits. Exclude explanations from any journal entries.) Date Accounts Debit Credit 14. 15. Determine the amount of underallocated or overallocated overhead. Record the journal entry to adjust Manufacturing Overhead Start by posting the actual and allocated manufacturina overhead to the T-account. (Lise the first available cell to post each amount. Do not inout the balance in the T-account. Start by posting the actual and allocated manufacturing overhead to the T-account. (Use the first available cell to post each amount. Do not input the balance in the T-account.) Manufacturing Overhead Manufacturing Overhead is by $ Now record the journal entry to adjust Manufacturing Overhead. (Record debits first, then credits. Exclude explanations from any journal entries.) Date Accounts Debit Credit 15
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