Yarra Fabrication estimates its manufacturing overhead to be $ 2,246,400 in year 1. Additionally, it estimates direct material to be $ 1,404,000. Actual manufacturing overhead for the year was $ 2,405,000. Actual direct material costs were% 241,555,000. Manufacturing overhead is applied to jobs based on the direct cost of materials using predetermined rates. The total applied overhead for the year was $ 2,488,000. The balance in each of the inventory accounts is as follows. Work-in-process inventory Finished goods inventory Cost of goods sold $ 453,750 $ 1,072,500 $ 6,723,750 Required: Prepare an entry to allocate overhead or overhead. (If no entry is required for a transaction / event, select "No journal entry required" in the first field of the account.)

Teinet, LIO Signado pela Moodle University of Puerto google classroom Rompecabeza New Saved Help Sav Yarra Fabrication estimates that its manufacturing overhead will be $2,246,400 in year 1. It further estimates that direct material costs will amount to $1.404,000. Actual manufacturing overhead costs for the year were $2,405,000. Actual direct materials costs were $1,555,000. Manufacturing overhead is applied to jobs based on direct materials cost using predetermined rates. The total applied overhead for the year was $2.488,000 The balance in each of the inventory accounts is as follows. Work-in-process inventory Finished goods inventory Cost of goods sold $ 453, 750 $1,072,500 $6,723, 750 Required: Prepare an entry to allocate the over- or underapplied overhead. (If no entry is required for a transaction/event, select "No journa entry required" in the first account field.) View transaction list Journal entry worksheet xi Journal entry worksheet Record an entry to allocate the over- or underapplied overhead. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal