ExamineSmith Foundry's manufacturing overhead table found below.

Manufacturing Overhead cost $630,000

Direct Labor Cost $1,650,000

Machine Hours $90,000

At the end of the year, the company had actually incurred the following:

Direct Labor Cost. $1,230,000

Depreciation on manufacturing plant $480,000

Propert Taxes on plant $19,500

Sales Salaries $26,500

Delivery drivers $17,000

Plant janitors $8,500

Machine hours $56,500 hours

1.Afterexaminingthe table, and using the data provided,preparethe 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.

ComputeSmith's predetermined manufacturing overhead rate.

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

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

5.Explainif there were the jobs over costed or under costed. If they were,explainby how much.

6.AnalyzeSmith Foundry's current processes, andFormulatea strategy that can contribute to optimizing performance while maintaining efficiency and effectiveness