Consider the following selected cost data for the Bharat Forge Co, for the current year: Budgeted manufacturing overhead Budgeted machine-hours 190,00,000 2,00,000 Actual Labour hours 1,20,000 Actual manufacturing overhead 88,00,000 Actual Machine-hours 1,95,000 The company uses normal costing. Its job costing system has a single manufacturing overhead cost pool. Costs are allocated to jobs using a budgeted machine-hour rate. 1. Compute the budgeted manufacturing overhead rate. 2. Compute the amount of under or over-application of manufacturing overhead. 3. Briefly write the methods of disposition (adjustments) of the over or under-application of manufacturing overhead at the end of the period. 4. Find out the cost of the Job 2X3 if it consumes 800 machine hours and 700 labour hours and the material and labour costs are * 34,000 and 23,000 respectively