3 Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Estimated Val Manufacturing overhead cost 15,500 hours 17,000 hours Direct labor cost Direct labor hours Machine hours Required: 1. Based on the company's current alocation base (direct labor hours, compute the following a. Predetermined overhead rate. (Round your answer to 2 decimal places) b. Applied manufacturing overhead (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount). Over or underapplied manufacturing overhead. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount) 2. If the company had used direct labor dollars (instead of direct labor hours in the allocation base, compute the wing a. Predetermined overhead rate. (Round your answer to 2 decimal places, e. 3.63 b. Appled manufacturing overhead. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) c. Over or underapplied manufacturing overhead. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount) 3. If the company had used machine hours pnstead of direct labor hourg as its allocation bese, compute the following a. Predetermined overhead rate. (Round your answer to 2 decimal sales) b. Applied manufacturing overhead Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) e. Over-or underapplied manufacturing overhead. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount) 4. Based on last year's data alone, which atocation base would have provided the most accurate measure for applying manufacturing overhead costs to production? Check my sat