The manufacturing records for Reliable Rowboats at the end of the 2018 fiscal year show the following information about manufacturing overhead: AX Overhead allocated to production S 415,800 Requirements 429,000 Actual manufacturing overhead costs Predetermined overhead allocation rate $42 per machine hour Read the requirements 1. How many machine hours did Reliable Rowboats 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. Requirement 1. How many machine hours did Reliable Rowboats use in 2018? = Actual machine hours Print Done Requirement 2. Was manufacturing overhead overallocated or underallocated for the year, and by how much? Manufacturing overhead is by 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