2. Urgent Care uses normal costing and allocates manufacturing overhead to jobs based on a budgeted labor- hour rate and actual direct labor-hours. Under or overallocated overhead, if immaterial, is written off to Cost of Goods Sold. During 2020, Urgent Care recorded the following: Budgeted manufacturing overhead costs $4,140,000 Budgeted direct labor-hours 180,000 Actual manufacturing overhead costs $4,337,000 Actual direct labor-hours 189,000 Required: 1. Compute the budgeted manufacturing overhead rate. 2. Prepare the summary journal entry to record the allocation of manufacturing overhead