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Brooks Foundry in Denver, Colorado, 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 Requirer Determind 1. Compute Brooks' 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 overoosted or undercosted? By how much? - Data Table Manufacturing overhead costs ...... $ 550,000 Direct labor cost. $ 1,450,000 Machine hours.. 68,750 At the end of the year, the company had actually incurred the following: $ 1,200,000 $ 495,000 Direct labor cost. Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries..... 19,000 27,000 13,500 Delivery drivers' wages. Plant janitors' wages. . Machine hours. $ 11,000 54,500 hours