Question 5 The RideonWater Company (ROW) produces a line of non-motoriseu boats. ROW uses a normal costing system and allocates manufacturing oead using direct manufacturing labour cost. The following data are for2016: Budgeted production volume (number of boats) Budgeted manufacturing overhead costs Budgeted direct manufacturing labour costs Actual production volume (number of boats) Actual manufacturing overhead costs Actual direct manufacturing labour costs 110 ($121,000 $220,000 95 $121,950 $229,000 Calculate the overhead allocation rate - what is the amount of under- or over-allocation of overhead? b. Over allocation of $4,000 Correct Answer: Question 6 AcreAcre Construction assembles residential houses. It uses a job-costing system with two direcey_categories (direct materials and diFTabour) and one indiEct cost pool (assembly supp$lrect labour hours is the