Davey Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Davey allocates manufacturing overhead costs using direct manufacturing labor costs. Davey provides the following information: (Click the icon to view the information.) Read the requirements. + Requirement 1. Compute the actual and budgeted manufacturing overhead rates for 2020. (Enter your answer as a number [not as a percentage) rounded to two decimal places, XXX) Actual manufacturing overhead rate Budgeted manufacturing overhead rate Requirement 2. During March, the job-cost record for Job 626 contained the following information Direct materials used Direct manufacturing labor costs Compute the cost of Job 626 using (a) actual costing and (b) normal costing $45,000 $40,000 Actual Costing Normal Costing Direct materials Direct manufacturing labor costs Manufacturing overhead costs Total manufacturing costs of Job 626 Requirement 3. At the end of 2020, compute the under- or overallocated manufacturing overhead under normal costing. Why is there no under- or overallocated overhead under actual costing? Under normal costing, manufacturing overhead is Why is there no under- or overallocated overhead under actual costing? by There is no under- or overallocated overhead under actual costing because overhead is allocated under actual costing by multiplying manufacturing overhead rate. Requirement 4. Why might managers at Davey Products prefer to use nommal costing? (Choose all that apply) manufacturing labor costs and the