Accounting for manufacturing overhead. Jamison Woodworking uses normal costing and allocates manufacturing overhead to jobs based on a budgeted labor-hour rate and actual direct labor-hours. Under- or overallocated overhead, if immaterial, is written off to Cost of Goods Sold. During 2014. Jamison recorded the following: Budgeted manufacturing overhead costs 4,400, 000 Budgeted direct labor-hours 200.000 Actual manufacturing overhead costs 4,650, 000 Actual direct labor-hours 212,000 1. Compute the budgeted manufacturing overhead rate. 2. Prepare the summary journal entry to record the allocation of manufacturing overhead. 3. Compute the amount of under- or overallocated manufacturing overhead. Is the amount significant ' enough to warrant proration of overhead costs, or would it be permissible to write it oft to cost of goods sold? Prepare the journal entry to dispose of the under- or overallocated overhead