Alba Foundry in Boston, Massachusetts, uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following: (Click the icon to view the costs.) Read the requirements. Requirement 1. Compute Alba's predetermined manufacturing overhead rate. Alba's predetermined manufacturing overhead rate is per machine hour. Requirement 2. How much manufacturing overhead was allocated to jobs during the year? The amount of manufacturing overhead allocated to jobs during the year is Requirement 3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? The amount of manufacturing overhead incurred during the year was by Requirement 4. Were the jobs overcosted or undercosted? By how much? Jobs were by Manufacturing overhead was Data table Manufacturing overhead costs.... S Direct labor cost. 590,000 $ 1,700,000 73,750 Machine hours.. At the end of the year, the company had actually incurred the following: Direct labor cost.. $ 1,250,000 Depreciation on manufacturing plant and equipment $ 495,000 Sales salaries.... Property taxes on plant Delivery drivers' wages. Plant janitors' wages... Machine hours....... $ 19,000 $ 26,500 $ 17,000 $ 10,000 Next 56,500 hours