Weiters Woods manufactures jewelry boxes. The primary materials (wood, brass, and glass) and direct labor are assigned directly to the products. Manufacturing overhead costs are allocated based on machine hours. Data for the year follow: (Click the icon to view the cost data.) Read the requirements. Requirement 1. Compute the predetermined overhead allocation rate. Round to two decimal places. Predetermined overhead allocation rate per machine hour Requirements Data table Estimated Actual Machine hours 25,000 hours 33,000 hours Maintenance labor (repairs to equipment) $ 16,000 $ 25,500 Plant supervisor's salary 47,000 49,000 Screws, nails, and glue 27,000 43,000 45,000 95,850 38,000 46,500 Depreciation on plant and equipment 89,000 86,000 Advertising expense 40,000 60,000 1. Compute the predetermined overhead allocation rate. Round to two decimal places. 2. Post actual and allocated manufacturing overhead to the Manufacturing Overhead T-account. 3. Prepare the journal entry to adjust for underallocated or overallocated overhead. 4. The predetermined overhead allocation rate usually turns out to be inaccurate. Why don't accountants just use the actual manufacturing overhead rate? Plant utilities Freight out Print Done Print Done