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Flores Foundry in Austin, Texas, uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following: (Click the icon to view the costs.) Read the requirements. Data table Requirements 1. Compute Flores' predetermined manufacturing overhead rate. 2. How much manufacturing overhead was allocated to jobs during the year? 3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? 4. Were the jobs overcosted or undercosted? By how much? Requirement 1. Compute Flores' predetermined manufacturing overhead rate. Determine the formula to calculate the predetermined overhead rate, then calculate the rate. Requirement 1. Compute Flores' predetermined manufacturing overhead rate. Determine the formula to calculate the predetermined overhead rate, then calculate the rate. +[1]= Predetermined overhead rate + per machine hour was allocated to jobs during the year? e allocated, then calculate the manufacturing overhead allocated. Requirement 2. How much manufacturing overhead was allocated to jobs during the year? Determine the formula to calculate the overhead to be allocated, then calculate the manufacturing overhead allocated. mined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours ny expected to incur the following: I= per machine hour ead was allocated to jobs during the year? to be allocated, then calculate the manufacturing overhead allocated. Manufacturing = overhead allocated = Requirement 3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? (If an input field is not used in the table, leave the input field empty, do not select a label or enter a zero.) Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? Manufacturing overhead was Delivery drivers' wages Depreciation on manufacturing plant and equipment verhead rate ifollowing: Direct labor cost Direct materials Plant janitors' wages Property taxes on plant the year? Is he input field Total manufacturing overhead Is manufacturing overhead underallocated or overallocated at the end of the year? By Manufacturing overhead was by Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? Manufacturing overhead was by