Costs Brooks Foundry in Columbus, Ohio, 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: View the costs. Read the requirements. Requirement 1. Compute Brooks' predetermined manufacturing overhead rate. Determine the formula to calculate the predetermined overhead rate, then calculate the rate. = Predetermined overhead rate Manufacturing overhead costs. $ Direct labor cost.. 610,000 $ 1,500,000 Machine hours 76,250 At the end of the year, the company had actually incured the following: Direct labor cost. $ 1,220,000 Depreciation on manufacturing plant and equipment ...... $ 460,000 Property taxes on plant $ 21,000 Sales salaries.. $ 26,500 Delivery drivers' wages. $ 14,000 Plant janitors' wages. Machine hours. $ 12,000 55,500 hours Requirements 1. Compute Brooks' 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? Print Done - X