Homework: 2-1 My AccountingLab Homework: Chapter 4 Question 1, E4-22 (similar to) Part HW Sear: 20618, 0.27 of 45 points O Points of Save Darty Product uses a obcouting som with two direct.cout Categorien (Genet materials and direct manufacturing later and one manufacture overhead compost wtyce marturing overhead uung direct marutacturing labor cosisDarby provides the following information Click the con to view the information Read the Requirement 1. Compute the actual and budgeted manufacturing overhead rates for 2017. Enter your answer a number of as a percentage founded to two decimal places XXX) Actual manufacturing overhead rate Budgeted manutacturing overhead rate 1 Data table $ Direct material costs Direct manufacturing labor costs Manufacturing overhead costs Budget for 2017 Actual Results for 2017 2,000,000 $ 1,875,000 1,450,000 1,390,000 2,610,000 2,780,000 Requirements 1. Compute the actual and budgeted manufacturing overhead rates for 2017. 2. During March, the job-cost record for Job 626 contained the following information: Direct materials used $45,000 Direct manufacturing labor costs $40,000 Compute the cost of Job 626 using (a) actual costing and (b) normal costing. 3. At the end of 2017, compute the under-or overallocated manufacturing overhead under normal costing. Why is there no under-or overallocated overhead under actual costing? 4. Why might managers at Darby Products prefer to use normal costing