Example 4 FedCorp allocates manufacturing overhead based on direct labor hours. Total estimated manufacturing overhead for the year is projected to be $200,000. Total estimated direct labor cost is $140,000, whereas total estimated direct labor hours to be worked are 10,000. a) What is FedCorp's predetermined manufacturing overhead rate? PMOHR b) FedCorp's actual manufacturing overhead for the year was $190,000. A total of 11,000 direct labor hours were worked. Using FedCorp's predetermined manufacturing overhead rate of $20 per direct labor hour, how much overhead was allocated to all of FedCorp's jobs during the year? MOH Allocated = c) What should we do if actual MOH does not equal allocated MOH? is the cost of d) *Assume that the cost of goods sold for the year was 3,000,000. How m goods sold after adjusting over/underallocated overhead