Q2) (8 pts) A Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2014: Budgeted manufacturing overhead costs $ 5,200,000 Budgeted machine-hours 200,000 Actual manufacturing overhead costs $ 5,000,000 Actual machine-hours 180,000 a. Calculate the budgeted manufacturing overhead rate. b. Calculate the manufacturing overhead allocated during 2014. c. Calculate the amount of under-or overallocated manufacturing overhead. Why do the company managers need to calculate this amount