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Martinez Foundry uses a predetermined overhead allocation rate to allocate overhead to individual jobs, based on the machineI need help with all parts.

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Answer #1
1. Predetermined Overhead Allocation Rate= Manufactueing Overhead cost/ Machine Hour
850000/85000= $10 per Hour
Requirement -2 Journal Entry
S.No. Account Tittle Debit Credit
WIP $630,000.00
Manufacturing Overhead (63000*10) $630,000.00
3) Manufacturing Overhead :
Depreciation on Manufacturign Plant & Equipment $530,000.00 WIP $630,000.00
Property Tax on Plant $37,500.00
Plant Janitor Wages $15,000.00
Over-applied (BF) $47,500.00
Total Total $630,000.00
Requirement -4 Journal Entry
S.No. Accout Tittle Debit Credit
Manufacturing Overhead $47,500.00
Cost of Goods Sold $47,500.00
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