1 Job Costing 2 Budgeted Manufacturing Overhead Rate, Allocated Manufacturing Overhead 3 Taylor Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate 4 machine-hour. The following data are available for 2017: 5 6 Budgeted manufacturing overhead costs $3,800,000 7 Budgeted machine-hours 200,000 8 Actual manufacturing overhead costs $3,660,000 9 Actual machine-hours 196,000 10 11 Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste f 12 Instructions tab you will be marked wrong. 13 14 Requirements 15 1 Calculate the budgeted manufacturing overhead rate. 16 2 Calculate the manufacturing overhead allocated during 2017. 17 3 Calculate the amount of under-or overallocated manufacturing overhead. a. Enter your answer as a positive value. 18