The following transactions were incurred by Rawley Fabricators during January, the first month of its fiscal year (Click the icon to view the transactions.) Requirements 1. Record the proper journal entry for each transaction. 2. By the end of January, was manufacturing overhead overallocated or underallocated? By how much? e. $74,000 of manufacturing overhead was allocated to specific jobs Record the entry. Journal Entry Date Accounts e Work in Process Inventory Manufacturing Overhead Debit 74,000 Credit f. The company received a bill for CAD design services for $8,000. Record thesentry Journal Entry Accounts Date CAD Design Expense Accounts Payable 74,000 Debit Credit 8,000 8,000 Requirement 2. Was manufacturing overhead overallocated or underallocated? By how much? During January, actual manufacturing overhead costs totaled By the end of January, a total of had been allocated to jobs. Therefore, manufacturing overhead had been by