Alba Foundry in Philadelphia, Pennsylvania, 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. Determine the formula to calculate the predetermined overhead rate, then calculate the rate. = Predetermined overhead rate Data Table Manufacturing overhead costs $ Direct labor cost. ... Machine hours. 610,000 $ 1,500,000 76,250 Requirements - X At the end of the year, the company had actually incurred the following: Direct labor cost. ....... $ 1,210,000 Depreciation on manufacturing plant and equipment .... $ Property taxes on plant 480,000 $ 19,500 $ 26,500 $ 14,500 $ 8,500 53,500 hours 1. Compute Alba's predetermined manufacturing overhead rate. 2. How much manufacturing overhead was allocated to jobs during the year? 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? 4. Were the jobs overcosted or undercosted? By how much? Sales salaries........ Delivery drivers' wages.. Plant janitors' wages. Machine hours... Print Done Print Done