Patel Foundry uses a predetermined manufacturing overhead rate to allocate overhead to individuals based on the machine hours required. At the beginning of the year, the company spected to our the following Click the icon to view the costs) Patel's accountant found an error in the expense records from the year reported. Depreciation en manufacturing plant and equipment was chay 10,000, no 275.000 had originally been reported. The red Costoso balance at year-end was $500,000. The manufacturing overhead bloated to jobs was $440,000 Read the requirements Requirement 1. Prepare the jouma entry to record manufacturing overhead costs incurred. (Record debts frut the croche explanation from any oumas) Journal Entry Date Accounts Debit Credit 0 Requirements Requirement 2. Prepare the journal entry to record the manufacturing overhead located to jobs in production Record debitsfest, then Journal Entry Date Accounts Debi Credit 1. Prepare the many to record manding overhead coined 2. Prepare the only to record the managed to 3. Use Taccount to determine whether mancing Overhead is under Oched and by how much 4. Record the entry is close out the neocated or cated manufacturing overhead 5. What is the adjusted ending balance of Cost of Goods Sold? Print Done Requirement 3. Use a Taccount to determine whether manufacturing overhead is under located or overallocated and by how much Choose from any list or enter any number in the input fields and then continue to the next question Patel Foundry uses a predetermined manufacturing overhead rate to alocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following (Click the icon to view the costs) Patel's accountant found an error in the expense records from the year reported. Depreciation on manufacturing plant and equipment was actually $410,000, not the $475,000 that had originally been reported. The uradjusted Cost of Goo balance at year-end was $560,000. The manufacturing overhead allocated to jobs was $440,000 Read the requirements Data Table Requirement 1. Prepare the journal entry to record manufacturing overhead costs incurred. (Record debits first, then credits. Exclude ople Journal Entry Date Accounts Debat Credit Manufacturing overhead costs Direct labor cost Machine hours $ 650,000 $ 1.000.000 81.250 Requirement 2. Prepare the journal entry to record the manufacturing overhead alocated to jobs in production Record debits first, then Journal Entry Date Accounts Debit Credit At the end of the year, the company had actually incurred the following Direct labor cost... $ 1.170,000 Depreciation on manufacturing plant and equipment $ 475.000 Property taxes on plant $ 18.500 Sales salaries $ 25.500 Delivery drivers' wages S 14.000 Plantjanitors' wages $ 10,000 Machine hours 55,000 hours Requirement 3. Use a T-account to determine whether manufacturing overhead is under located or overallocated and by how much Print Done Choose from any list or enter any number in the input fields and then continue to the next