E3-25A Analyze manufacturing overhead (Learning Objectives 3 & 5) Smith Foundry in Columbus, Ohio, uses a predetermined manufacturing overhead allocate overhead to individual jobs based on the machine hours required. At the bed ning of the year, the company expected to incur the following: rate in- Manufacturing overhead costs Direct labor cost Machine hours $ 630,000 . $1,650,000 90,000 At the end of the year, the company had actually incurred the following: Direct labor cost Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries Delivery drivers' wages Plant janitors' wages.. Machine hours $1,230,000 480,000 19,500 $ 26,500 56,500 hours Requirements 1. Com 2. How much manufacturing overhead was allocated to jobs during the year? 3. How much manufacturing overhead was incurred during the year? Is manufacturing pute Smith's predetermined manufacturing overhead rate overhead underallocated or overallocated at the end of the year? By how much? Were the jobs overcosted or undercosted? By how much? 4