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  3. mill company estimates the company will incur $102

Mill Company estimates the company will incur $102,900 in overhead costs and 4,900 direct labor...

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Accounting

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Mill Company estimates the company will incur $102,900 in overhead costs and 4,900 direct labor hours during the year. Actual direct labor hours were 4550 Calculate using direct labor hours as the allocation base, and prepare the journal entry for the allocation of overhead. Calculate the predetermined overhead allocation rate. Fill in the labels and complete the formula below. Predetermined overhead 4900 Total estimated overhead costs allocation rate 102900 107800 per direct labor hour Prepare the journal entry for the allocation of overhead. First, select the formula to calculato the overhead costs allocated. Fil in the labels and complete the formula below. Predetermined overhead allocation rate Total actual direct labor hours Allocated overhead costs 21 4550 95550 Prepare the journal entry for the allocation of overhead. (Record debits first, then credits. Exclude explanations from any Journal entries.) Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next

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