Question

just need help on requirment 2.

Score: 0.96 of 5 pts 1 of 2 (2 complete) Y 2 P17-31A (book/static) Prestige Woods manufactures jewelry boxes. The primary materials (wood, brass, and glass) and direct labor are assigned directly to the products. Manufacturing 囲(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 Estimated overhead cost Estimated machine hours allocation rate - $8.24 per machine hour 27,000 222,400 Requirement 2. Post actual and allocated manufacturing overhead to the Manufacturing Overhead T-account.(Enter the ending balance on the last ine) Manufacturing Overhead [ 2943501|[ー, 264504-Manufacturing overhead allocated | Maintenance labor Choose from any list or enter any number in the input fields and then click Check Answer Clear All

Answer 1

1) Estimated overhead cost IEstimated machine hour Predetermined overhead allocation rate $222,400 27,000 $8.24 pmachine hour 2) In manufacturing overhead's T-acount, actual manufacturing overhead costs incurred shall be recorded on debit side and the applied mfg. overhead cost shall be recorded on credit side based on predetermined overhead rate but using actual machine hours used. Manufacturing Overhead Maintenance labor $23,500 $264,504 Mfg. overhead allocated [32,100 hours x $8.24 $50,000 Plant supervisory's salary Screws, nails and glue $92,850 Plant utilities $29,846 End. Bal NOTE Freight out and Advertising expense are period costs and so not recorded in Manufacturing overhead account. Instead, they shall be charged to income statement as expenses.