4-17 Actual costing, normal costing, accounting for manufacturing overhead. Destin Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Destin allocates manufacturing overhead costs using direct manu- facturing labor costs. Destin provides the following information: Direct material costs Direct manufacturing labor costs Manufacturing overhead costs Budget for 2011 Actual Results for 2011 $2,000,000 $1,900,000 1,500,000 1,450,000 2,700,000 2,755,000 1. Compute the actual and budgeted manufacturing overhead rates for 2011. 2. During March, the job-cost record for Job 626 contained the following information: Direct materials used Direct manufacturing labor costs $40,000 $30,000 Compute the cost of Job 626 using (a) actual costing and (b) normal costing. 3. At the end of 2011, compute the under- or overallocated manufacturing overhead under normal cost- ing. Why is there no under- or overallocated overhead under actual costing?