Question: - X Data Table Manufacturing overhead costs ..... $ 560,000 Direct labor cost. $ 1,400,000 Machine hours. 80,000 At the end of the year, the

- X Data Table Manufacturing overhead costs ..... $ 560,000 Direct labor cost. $ 1,400,000 Machine hours. 80,000 At the end of the year, the company had actually incurred the following: Direct labor cost. $ 1,180,000 $ 475,000 Depreciation on manufacturing plant and equipment Property taxes on plant $ 20,500 Sales salaries. $ $ Delivery drivers' wages. Plant janitors' wages. 23,000 13,000 11,000 $ Machine hours.. 53,500 hours Requirement 1. Compute Metal's predetermined manufacturing overhead rate. Determine the formula to calculate the predetermined overhead rate, then calculate the rate. = Predetermined overhead rate per machine hour 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. Manufacturing X = overhead allocated X 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.) Total manufacturing overhead Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? Manufacturing overhead was by Requirement 4. Were the jobs overcosted or undercosted? By how much? Jobs were by

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