3 2 of Time left 0:22:21 Company B allocates overhead costs on the basis of the number of labour hours. Details concerning manufacturing overhead for the year are as follows: MOH Labour hours Budgeted Actual $1,260,000 $1,440,000 90,000 93,000 Determine: 1- What is pre-determined overhead rate? Show all workings. (1 mark) 2- What is applied manufacturing overhead? Show all workings. (1 mark) 3- under/ over allocated for the year. Show all workings. (1.5 marks) 4- adjusting journal entry. (1.5 mark) A B I 22 US X2