The manufacturing records for Cool Canoes at the end of the 2016 fiscal year show the following information about manufacturing overhead. How many machine hours did Cool Canoes use in 2016? Was manufacturing overhead overallocated or underallocated or overallocated manufacturing overhead. How many machine hours did Cool Canoes use in 2016? Was manufacturing overhead overallocated or underallocated for the year, and by how much? Manufacturing overhead was by S. Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead. (Record debts, first, then credits. Exclude explanations from any journal entries.)