Custom Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Custom Uniforms reports the following cost data for the past year: (Click the icon to view the cost data.) Read the requirements. Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Data Table Estimated yearly overhead costs Estimated yearly machine hours = Predetermined overhead rate Direct labor hours.. Budget Actual 7,400 hours 6,300 hours = per machine hour Machine hours... 7,000 hours 6,600 hours Depreciation on salespeople's autos. $ 22,500 $ 22,500 Indirect materials $ 51,500 $ 53,000 Requirements Depreciation on trucks used to deliver uniforms to customers $ 12,500 $ 11,500 Depreciation on plant and equipment. $ 64,000 $ 66,500 Indirect manufacturing labor... $ 42,000 $ 44,000 1. Compute the predetermined manufacturing overhead rate. 2. Calculate the allocated manufacturing overhead for the past year. 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? 4. How can managers use accounting information to help control manufacturing overhead costs? Plant utilities... Direct labor cost. Customer service hotline... $ 20,000 $ 22,000 $ 31,500 $ 34,000 $ 71,500 $ 84,500 Print Done Print Done