Examine Smith Foundrys manufacturing overhead table found below.

Description	Amount
Manufacturing overhead costs	$ 630,000.00
Direct labor cost	$ 1,650,000.00
Machine hours	90,000
At the end of the year, the company had actually incurred the following:
Description	Amount
Direct labor cost	$ 123,000.00
Depreciation on manufacturing plant and equipment	$ 480,000.00
Property taxes on plant	$ 19,500.00
Sales salaries	$ 26,500.00
Delivery driver's wages	$ 17,000.00
Plant janitors' wages	$ 8,500.00
Machine hours	56,500

After examining the table, and using the data provided, prepare the calculations for the 4 major requirements that include the following: (1) Predetermined Manufacturing Rate; (2) Allocated Manufacturing Overhead, (3) Depreciation, Taxes, and Wages, and (4) Determination of over allocated or under allocated costs.

2. Compute Smiths predetermined manufacturing overhead rate.

3. Explain how much manufacturing overhead was allocated to jobs during the year.

4. Discuss how much manufacturing overhead was incurred during the year. Explain whether manufacturing overhead was underallocated or overallocated at the end of the year. If yes, explain by how much.

5. Explain if there were the jobs over costed or under costed. If they were, explain by how much. 6. Analyze Smith Foundrys current processes, and Formulate a strategy that can contribute to optimizing performance while maintaining efficiency and effectiveness