Danya Industry Foundry uses a predetermined overhead rate to allocate overhead to individual jobs, based on the machine hours required. At the beginning of 2015, the company expected to incur the following: Manufacturing overhead cost KWD 2,000,000 Direct labor costs 1,200,000 Machine hour 100,000 hours At the end of 2015m the company had actually incurred: KWD Direct labor Indirect labors Indirect materials Insurance on plant Depreciation on manufacturing plant & equipment 1,350,000 900,000 400,000 21,750 42,000 Sales salaries and commissions Delivery drivers' wages Plant janitor's wages Machine hours 53,000 30,000 15,000 160,000 hours Requirements: 1- Compute Danya Industry's Predetermined overhead allocation rate. 2- Prepare the journal entry to allocate manufacturing overhead. 3- Post the manufacturing overhead transactions to the manufacturing overhead T- account. Is manufacturing overhead underallocated or overallocated? By how much? 4- Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead