Sloan Company produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Sloan Company reports the following cost data for the past year: (Click the icon to view the cost data.) Read the requirements - X Data Table T Requirements Budget Actual Direct labor hours. 7,600 hours 6,100 hours 7,000 hours 6,500 hours Machine hours. 1. Compute the predetermined manufacturing overhead rate. 2. Calculate the allocated manufacturing overhead for the past year. 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? 4. How can managers use accounting information to help control manufacturing overhead costs? $ 23,000 Depreciation on salespeople's autos Indirect materials. $ 23,000 $ 50,500 $ 16,000 $ 54,000 $ 15,000 $ 68,000 $ 69,000 Depreciation on trucks used to deliver uniforms to customers Depreciation on plant and equipment Indirect manufacturing labor.. Customer service hotline. $ 39,500 $ 42,500 Print Done $ 21,500 $ 22,500 Plant utilities $ 38,000 $ 40,500 Direct labor cost. $ 72,500 $ 86,500 Print Done Done oluda anlanations from anvinurnal antrian Windows Sloan Company produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Sloan Company reports the following cost data for the past year: E: (Click the icon to view the cost data.) Read the requirements. Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate = Predetermined overhead rate per machine hour Requirement 2. Calculate the allocated manufacturing overhead for the past year. Manufacturing overhead allocated - Requirement 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? First calculate the preliminary manufacturing overhead balance using the T-account. Manufacturing Overhead Claen the lindor or suarallocated warhand to Cart of Conde Cold huinuirnalizina tha antr. (Dorord dahite firet than credito Cveluida anlanations from anvinurnal antrine ! First calculate the preliminary manufacturing overhead balance using the T-account Manufacturing Overhead Close the under-or overallocated overhead to Cost of Goods Sold by journalizing the entry. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Requirement 4. How can managers use accounting information to help control manufacturing overhead costs? with the budgeted amounts. Managers will also investigate only differences between actual and budgeted amounts to To help control manufacturing overhead, managers compare the actual line item amounts for identify the reasons why actual costs Windows a Windows O Time Remaining: 03:47:52 Next Close the under-or overallocated overhead to Cost of Goods Sold by journalizing the entry. (Record dobite firet thon crodite Eveludo explanations from any journal entries.) Journal Entry Date Accounts Debit Credit depreciation on delivery trucks finished goods inventory manufacturing overhead work in process inventory Requirement 4. How can managers use accounting information to help control manufacturing with the budgeted amounts. Managers will also investigate only differences between actual and budgeted amounts to To help control manufacturing overhead, managers compare the actual line item amounts for identify the reasons why actual costs Windows