Desert Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Desert allocates manufacturing overhead costs using direct manufacturing labor costs. Desert provides the following information: (Click the icon to view the information.) Read the requirements. Requirements Requirement 1. Compute the actual and budgeted manufacturing overhead rates for 2020. Actual manufacturing overhead rate = Budgeted manufacturing overhead rate = 1. Compute the actual and budgeted manufacturing overhead rates for 2020 . 2. During March, the job-cost record for Job 626 contained the following information: Direct materials used $40,000$30,000 Compute the cost of Job 626 using (a) actual costing and (b) normal costing. 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? 4. Why might managers at Desert Products prefer to use normal costing? Data table