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The manufacturing records for Krazy Kayaks at

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E17-21 Allocating manufacturing overhead [15–20 min]
The manufacturing records for Krazy Kayaks at the end of the 2012 fiscal year show
the following information about manufacturing overhead:
4
Overhead allocated to production . . . . . . . .$ 405,900
Actual manufacturing overhead costs . . . . . .$ 428,000
Overhead allocation rate for the year . . . . . .$ 41 per machine hour

Requirements
1. How many machine hours did Krazy Kayaks use in 2012?
2. Was manufacturing overhead over- or underallocated for the year and by
how much?
3. Prepare the journal entry to close out the over- or underallocated overhead

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