Harwood Company's Job-order costing system applies overhead cost to jobs based on its machine-hours. The predetermined overhead rate of $2.60 per machine-hour was based on a cost formula that estimates $213,200 of total manufacturing overhead for an estimated activity level of 82,000 machine-hours. Required: 1. Assume during the year the company works only 77,000 machine-hours and Incurs the following costs in the Manufacturing Overhead and Work In Process accounts: Compute the overhead cost applied to Work In Process for the year and make the entry in your T-accounts. 2A. Compute the underapplied or overapplied overhead and show the balance in your Manufacturing Overhead T-account. 28. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold.

Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $21.50 per hour. During the year, the company started and completed only two jobs-Job Alpha, which used 64,900 direct labor-hours, and Job Omega. The job cost sheets for these two jobs are shown below: Job Alpha Direct materials Direct labor Manufacturing overhead applied Total job cost Job Omega Direct materials Direct labor Manufacturing overhead applied Total job cost $ 2,806,000 $ 443,900 571,900 385,700 $ 1,401,500 Required: 1. Calculate the plantwide predetermined overhead rate. 2. Complete the job cost sheet for Job Alpha. Required 1 Required 2 Complete this question by entering your answers in the tabs below. Calculate the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Plantwide predetermined overhead rate Eper DLH

Craig Company uses a predetermined overhead rate to assign overhead to jobs. Because Craig's production is machine intensive, overhead is applied on the basis of machine hours. The expected overhead for the year was $5,412,800, and the practical level of activity is 398,000 machine hours.    During the year, Craig used 404,000 machine hours and incurred actual overhead costs of $5,411,400. Craig also had the following balances of applied overhead in its accounts: Work-in-process inventory $ 621,090 Finished goods inventory   627,270 Cost of goods sold   1,841,640 Required: Question Content Area 1. Compute a predetermined overhead rate for Craig. Round your answer to the nearest cent. $fill in the blank 2450b2fed067063_1 per machine hour 2. Compute the overhead variance, and label it as under- or overapplied.$fill in the blank 2450b2fed067063_2       Question Content Area 3. Assuming the overhead variance is immaterial, prepare the journal entry to dispose of…

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