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Is Cost of goods sold too high or too low?

Under/overallocated overhead

The T-account showing the manufacturing overhead activity for Jackson, Corp., for 2012 is as follows:

Manufacturing overhead

197,000

207,000

Requirements

1. What is the actual manufacturing overhead?

2. What is the allocated manufacturing overhead?

3. What is the predetermined manufacturing overhead rate as a percentage of direct labor cost, if actual direct labor costs were $165,600?

4. Is manufacturing overhead underallocated or overallocated? By how much?

5. Is Cost of goods sold too high or too low?

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