i Requirements - X Data Table 1. Compute the actual and budgeted manufacturing overhead rates for 2012 2. During March, the job-cost record for Job 626 contained the following information: Direct materials used $55,000 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 2012, 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 Desert Products prefer to use normal costing? Direct material costs Direct manufacturing labor costs Manufacturing overhead costs Budget Actual Results for 2012 for 2012 2,250,000 $ 2,100,000 1,700,000 1,650,000 2,975,000 2,970,000 Print Done