Alba Foundry 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 beginning of the year information.) At the end of the year, the company had actually incurred the following: (Click the icon to view the ending of the year information.) Requirements 1. Compute Alba's predetermined manufacturing overhead rate. Beginning of the year information 2. 3. 4. How much manufacturing overhead was allocated to jobs during the How much manufacturing overhead was incurred during the year? Is Were the jobs overcosted or undercosted? By how much? Manufacturing overhead cost . $ Direct labour cost Machine hours 729,000 1,650,000 81,000 hours ear? By how much? Requirement 1. Compute Alba's predetermined manufacturing overhead Determine the formula to calculate the predetermined overhead rate, and Print Done Requirement 2. How much manufacturing overhead was allocated to jobs during the year? Select the labels for the formula to calculate the overhead to be allocated, and then calculate the manufacturing overhead allocated.