Homework: Chapter 4 Assignment Question 3, E4-24 (simila... Part 3 of 4 > HW Score: 41.24%, 4.9. Points: 1.33 of 2 Wison Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2020 (Click the icon to view the data.) Read the requirements Requirement 1. Calculate the budgeted manufacturing overhead rate. Determine the formula, then calculate the budgeted manufacturing overhead rate. Budgeted manufacturing overhead Budgeted machine-hours $ 4,200.000 175.000 Budgeted manufacturing overhead rate 24 Requirement 2. Calculate the manufacturing overhead allocated during 2020 Determine the formula, then calculate the manufacturing overhead allocated during 2020 Actual machine-hours Budgled manufacturing overhead rate Manufacturing overhead alocated 171.000 24 4,104.000 Requirement 3. Calculate the amount of under or overallocated manufacturing overhead Why do Wison's managers need to calculate this amount? The manufacturing overhead is by 4 Assignment Question 3, E4-24 (simila... Part 3 of 4 HW Score: 41.24%, 4.95 of 12 points Points: 1.33 of 2 It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2020 ed manufacturing over Data Table - the budgeted manuta Budget $ 4.200,000 Hacturing overhead allo te the manufacturing ove Budgeted * $ Budgeted manufacturing overhead costs Budgeted machine-hours Actual manufacturing overhead costs Actual machine-hours 175.000 $ 4.040.000 171.000 Sunt of under-or overallo Print Done w by e Text Pages Get More Help Clear All # 80 888 00 A $ 23 # 3 % 5 & 7 6 8 9 0 E R T Y U o D F G H J L 4