answer these requirements using the given information: 1.Compute the predetermined manufacturing overhead rate.2.Calculate the allocated manufacturing overhead for the past year.3.Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed? of?4.How can managers use accounting information to help control manufacturing overhead? costs?

Premium Company produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Premium Company reports the following cost data for the past year: View the cost data. Read the requirements. Cost data E X anufacturing overhead Budget Actual Direct labor hours 7,000 hours 6,400 hours Machine hours 7,100 hours 6,700 hours Depreciation on salespeople's autos 23,000 $ 23,000 Indirect materials 48,500 $ 50,000 Depreciation on trucks used to deliver uniforms to customers 15,500 $ 13,000 Depreciation on plant and equipment 64,000 $ 65,500 journal Indirect manufacturing labor 39,000 $ 41,000 planations from any Customer service hotline 20,000 $ 22,500 Plant utilities 4,700 $ 5,700 Direct labor cost 69,500 $ 87,000 To help control manufacturing overhead, managers compare the actual line item amounts for I:l with the budgeted amounts. Managers will also investigate only differences between actual and budgeted amounts to identify the reasons why actual costs