Woode manufactures jewelry boxes. The primary materials (wood, brass, and glass) and direct labore as Book the icon to view the cost data) d the Requirement 1. Compute the predetermined overhead allocation rate. Round to two decimal places Estimated Overhead cost Estimated machine hours 24,500 = Predetermined overhead allocation rate per machine hour equirement 2. Post actual and allocated manufacturing overhead to the Manufacturing Overhead T-account. (Enter the ending balance on the last i Manufacturing Overhead Woods manufacturers jewelry bores. The primary materials (wood, brass, and glass) and direct labor are assigned Ull! Click the icon to view the cost data) equirement 3. Prepare the joumat entry to adjust for underallocated or overallocated overhead. (Record debits first, then credits. Exclude explanatic Date Accounts Debit Credit quirement. The predetermined overhead allocation rate usually turns out to be inaccurate. Why dont accountants just use the actual manufactu estus manufacturing overhead rate is Managers need to make decisions on product cost information when they need it- x Data table head allo stimated Machine hours Maintenance labor (repairs to equipment) Plant supervisor's salary Screws, nails, and glue Plant utilities Freight out Depreciation on plant and equipment Advertising expense Estimated Actual 24,500 hours 32,700 hours 19,000 $ 28.500 41,000 43,000 21,000 49,000 42,000 94 860 34,000 471500 83.800 80,000 44,000 57.000 acturing ring Ove Print Done