Preparing journal entries—manufacturing overhead Blue Ridge Mountain Manufacturing had the following transactions related to manufacturing overhead for the year: Incurred manufacturing overhead costs $5,000 in indirect materials $12,500 in indirect labor (credit Wages Payable) $30,600 in machinery depreciation $20,400 in other indirect costs that were paid in cash  Allocated manufacturing overhead (use a compound entry) $30,000 to the Mixing Department $37,000 to the Packaging Department Requirements Prepare the journal entries for Blue Ridge Mountain Manufacturing. Determine the amount of overallocated or under-allocated manufacturing overhead by posting the transactions to the Manufacturing Overhead account. Assume the balance in Manufacturing Overhead on January 1 is $0. Prepare the adjusting entry.

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