The following information pertains to Smith Company for the year. (Click the icon to view the information.) 13. 14. 15 Calculate the predetermined overhead allocation rate using direct labor hours as the allocation base. Determine the amount of overhead allocated during the year. Record e journal entry Determine the amount of underallocated or overallocated overhead. Record the journal entry to adjust Manufacturing Overhead. 13. Calculate the predetermined overhead allocation rate using direct labor hours as the allocation base. Predetermined overhead allocation rate per direct labor hour A Data Table 14. Determine the amount of overhead allocated during the year. Record the journal entry. Estimated manufacturing overhead S Estimated direct latxor hours 550,000 10.500 hours = 500,000 Actual manufacturing overticad 10,000 hours Actual direct labor hours Overhead allocate Record the joumal entry. (Record debits first, then credits. Exclude explanations from any journal entries.) Print Done 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 manufacturing overhead to the T-account. (Use the first available cell to post sach amount. Do not incut the balance in the T-account.)