The manufacturing records for Bob's Boats at the end of the 2018 fiscal year show the following information about manufacturing overhead: 385,400 Overhead allocated to production Actual manufacturing overhead costs Predetermined overhead allocation rate 430.000 $41 per machine hour Read the requirements Requirement 1. How many machine hours did Bob's Boats use in 2018? = Actual machine hours Requirement 2. Was manufacturing overhead overallocated or underallocated for the year, and by how much? Manufacturing overhead is Requirement 3. Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead. (Record debits first, then credits. Exclude explanations from any journal entries.) Date Accounts Debit Credit Dec. 31 Requirements 1. How many machine hours did Bob's Boats use in 2018? 2. Was manufacturing overhead overallocated or underallocated for the year, and by how much? 3. Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead. Print Done