Smith Paints allocates overhead based on machine hours. Selected data for the most recent year follow.

The estimates were made as of the beginning of the year, while the actual results were for the entire year. The predetermined

manufacturing overhead rate per machine hour is closest to:

$7\mathrm{.}89.$ The following is selected financial data from Harmon Manufacturing for the most recent year.

Compute Beginning Inventory of

RM

WIP and

FG$.$

Babcox Manufacturing uses a predetermined manufacturing overhead rate based on direct labor hours to allocate

manufacturing overhead to jobs. Selected data about the company's operations follows:

By how much was manufacturing overhead overallocated or under allocated for the year?