Abbott Pools manufactures swimming pool equipment. Abbott has estimated the following manufacturing overhead rates using different independent situations: (Click the icon to view the rates.) Read the requirements 1. Determine the total manufacturing overhead allocated to Abbott's manufacturing jobs assuming that the company actually used 31,650 direct labor hours. Enter the formula and compute the total manufacturing overhead allocated Abbott's manufacturing jobs. Manufacturing overhead allocated 2. Determine the total manufacturing overhead allocated to Abbott's manufacturing jobs assuming that the company actually incurred $1,022,500 of direct labor cost. Enter the fomula and compute the total manufacturing overhead allocated to Abbott's manufacturing jobs. (Enter whole percentages as a decimal to two places, X.XX.) Manufacturing overhead allocated 3. Determine the total manufacturing overhead allocated to Abbott's manufacturing jobs assuring that the company actually ran the machines 36,900 hours Enter the formula and compute the total manufacturing overhead allocated Abbott's manufacturing jobs Manufacturing overhead allocated 4. Briefly explain what you have learned about the total manufacturing overhead allocated to production. The total amount of manufacturing overhead allocated during the year is dependant upon two factors As a result, a company could either overallocate or underallocate manufacturing overhead depending on Data Table Estimated manufacturing Estimated quantity Predetermined overhead costs of allocation base overhead rate 1,500,000 31,250 $48.00 per DL hour Direct labor hours Direct labor dollars 1,500,000 $ 1,000,000 150% of DL cost Machine hours 1,500,000 37,500 $40.00 per MH Print Done