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Washtenaw Corporation uses a job-order costing system. The following data is for last year: Estimated direct...

Washtenaw Corporation uses a job-order costing system. The following data is for last year:

Estimated direct labor hours…………………           12,000 hours

Estimated manufacturing overhead costs…….          $39,000

Actual direct labor hours……………………..          11,000 hours

Actual manufacturing overhead costs………..          $37,000

    

Washtenaw applies overhead using a predetermined overhead rate based on direct labor hours.

In preparing the journal entry to close out manufacturing overhead:

1. What is the Debit ?

2. What is the Credit?

3. What is the Amount?

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