3. Why might Atkinson Construction prefer normal costing 4-24 Budgeted manufacturing overhead rate, allocated manufacturing overhead. Taylor Company uson normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour, The following data are available for 2020: Budgeted manufacturing overhead costs $3,800,000 Budgeted machine-hours 200,000 Actual manufacturing overhead costs $3,660,000 Actual machine-hours 196,000 1. Calculate the budgeted manufacturing overhead rate. 2. Calculate the manufacturing overhead allocated during 2020. 3. Calculate the amount of under- or overallocated manufacturing overhead. Why do Taylor's managers need to calculate this amount