Please answer D O'Leary Corporation manufactures special purpose portable structures (huts, mobile offices, and so on) for use at construction sites. Itonly bullds to order (each unit is bullt to customer specifications). O'Leary uses a normal Job costing system. Direct labor at O'Leary Ispald $26 per hour, but the employees are not pald if they are not working on Jobs. Manufacturing overhead Is assigned to Jobs by apredetermined rate on the basis of direct labor-hours. The company Incurred manufacturing overhead costs during two recent years(adjusted for price-level changes usling current prices and wage rates) as follows.Year 1Year 2Direct labor-hours worked68, 80055,800Manufacturing overhead costs incurredIndirect labor$2,832, 0001,832, 880688, 000645, 000141, 600781,4782,036, 5ee787,430$2, 232, 800837,800558, 000548, 800141,600661,6502,836, 500805, 250$7,812, 800Employee benefitsSuppliesPowerHeat and lightSupervisionDepreciationProperty taxes and insuranceTotal manufacturing overhead costs$8,944, 000At the beginning of year 3, O'Leary has two Jobs, which have not yet been delivered to customers. Job MC-270 was completed onDecember 27. year 2. It is scheduled to ship on January 7, year 3. Job MC-275 Is still n progress. For the purpose of computing thepredetermined overhead rate. O'Leary uses the prevlous year's actual overhead rate. Data on direct materlal costs and direct labor-hours for these Jobs In year 2 follow.Job MC-270$271,8802,590 hoursJob MC-275Direct naterial costsDirect labor-hours$496,8003,290 hoursDuring year 3, O'Leary Incurred the following direct materlal costs and direct labor-hours for all jobs worked in year 3. Including thecompletion of Job MC-275.Direct naterial costs$11,841,80075,800$ 9,552, 808Direct labor-hoursActual manufacturing overheadAt the end of year 3, there were four Jobs that had not yet shipped. Data on these Jobs follow.MC-389MC-390MC-397MC-399$68,8e02,790 hoursFinishedDirect materials$45,0001,758 hoursFinished$165, 3006,190 hoursIn progress$30,7801,390 hoursIn progressDirect labor-hoursJob statu Complete this question by entering your answers in the tabs below.Required ARequired BRequired CRequired DRequired EO'Leary prorates any over- or underapplied overhead to Cost of Goods Sold, Finished Goods Inventory, and Work-in-Process Inventory.Prepare the journal entry to prorate the Over- or Underapplied Overhead. (If no entry is required for a transaction/event, select "Nojournal entry required" in the first account field.)View transaction listJournal entry worksheetARecord the entry to prorate any over- or underapplied overhead.Note: Enter debits before credits.TransactionGeneral JournalDebitCredit1Record entryClear entryView general journal

Particulars Amount Actual Manufacturing overhead $9,552,000 Applied overhead (7,812,000/55,800 ×…

O'Leary Corporation manufactures special purpose portable structures (huts, mobile offices, and so on) for use at construction sites. It only bulds to order (each unit is bult to customer specifications). O'Leary uses a normal job costing system. Direct labor at O'Leary is paid $26 per hour. but the employees are not paid if they are not working on jobs. Manufacturing overhead is assigned to jobs by a predetermined rate on the basis of direct labor-hours. The company Incurred manufacturing overhead costs during two recent years (adjusted for price-level changes using current prices and wage rates) as follows. Year 1 Year 2 Direct labor-hours worked 68, 8ee 55,30e Manufacturing overhead costs incurred Indirect labor $2,832, 800 1,832, 00e 688,00e 645, e0e 141,6ee 781,470 2,836, 500 787,430 $2, 232, e00 837,e8e 558, eee 548, e0e 141, 6ee 661,650 2,e36, 500 385, 250 $7,812, e0e Employee benefits Supplies Power Heat and light Supervision Depreciation Property taxes and insurance Total manufacturing overhead costs $3,944, 000 At the beginning of year 3. O'Leary has two jobs, which have not yet been delivered to customers. Job MC-270 was completed on December 27. year 2 It is scheduled to ship on January 7. year 3. Job MC-275 Is still in progress. For the purpose of computing the predetermined overhead rate. O'Leary uses the previous year's actual overhead rate. Data on direct material costs and direct labor- hours for these Jobs In year 2 follow. Job MC-270 $271,8ee 2,590 hours Job MC-275 $496, 8ee 3,290 hours Direct material costs Direct labor-hours During year 3. O'Leary Incurred the following direct material costs and direct labor-hours for all jobs worked in year 3, Including the completion of Job MC-275. Direct naterial costs $11,841, 800 75,800 $ 9,552,880 Direct labor-hours Actual manufacturing overhead At the end of year 3, there were four Jobs that had not yet shipped. Data on these jobs follow. MC-390 S68,800 2,790 hours Finished MC-389 MC-397 MC-399 Direct materials $45,e0e 1,758 hours Finished $185, 380 6,190 hours In progress $30,700 1,390 hours In progress Direct labor-hours Job status