This Question: 1 pt 1 13 of 13 (3 complete) Selected cost data for Premium Poster, Co. are as follows: (Click the icon to view the cost data.) Read the requirements Requirement 1. Compute the predetermined overhead allocation rate per direct labor dollar. Predetermined overhead allocation rate Requirement 2. Prepare the journal entry to allocate overhead cost for the year. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Dec 31 Data Table X Requirement 3. Use a T-account to determine the amount of underallocated or overallocated manufacturing overhead Start by posting the actual and allocated manufacturing overhead to the T-account. (Use the first available cell to post each amount. Do not input the balance in the T-account.) Estimated manufacturing overhead cost for the year Estimated direct labor cost for the year Actual manufacturing overhead cost for the year Actual direct labor cost for the year $ 110,000 88,000 114,000 67,000 Manufacturing Overhead Print Done Manufacturing overhead is by s Requirement 4. Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Dec. 31 Requirements 1. Compute the predetermined overhead allocation rate per direct labor dollar. 2. Prepare the journal entry to allocate overhead cost for the year. 3. Use a T-account to determine the amount of underallocated or overallocated maunfacturing overhead. 4. Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead. Print Done Choose from any list or enter any number in the input fields and then continue to the next question. Accounts Payable Accounts Receivable Cash Cost of Goods Sold Finished Goods Inventory Manufacturing Overhead Raw Materials Inventory Work-in-Process Inventory Actual direct labor cost Actual overhead cost Estimated direct labor cost Estimated overhead cost