Donna Corporation manufactures custom cabinets for kitchens. It uses a normal costing system with two direct cost categories direct materials and direct manufacturing labar-and one indirect-cost pool, manufacturing overhead costs. It provides the following information about manufacturing overhead costs for 2017. (Click the icon to view the manufacturing overhead cost information for 2017.) The following information is available as of December 31, 2017. (Click the lean to view the information.) Requirement Calculate the underallocated or overallocated manufacturing overhead at the end of 2017 and prorate & 10 Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold accounts based on the allocated manufacturing overhead in each account balance using normal costing. Begin by calculating the budgeted indirect cost rate. Idently the fermula and then calculate the rate. (Assume the cost allocation base is direct labor hours.) Budgeted manufacturing overhead S costs 960,000 7 Budgeted labor hours 32,000 Budgeted indirect cost rate 30 Data Table The manufacturing overhead afocated during the year is $ Enter any number in the edit fields and then click Che 2 parts remaining Manufacturing Overhead in Each Data Table - X Account Account Balance (Before Proration) Account Balance Allocated in the Current Year (Before Proration) Budgeted manufacturing overhead costs Budgeted direct manufacturing labor hours Actual manufacturing overhead costs Actual direct manufacturing labor-hours S 960 000 Work-in-process control Finished goods contret Cost of goods sold $ S 40.000 60,000 $ 1,900,000 S 14,400 $ 24.000 S 921.600 32.000 hours $ 2,000,000 $ 950,000 $ 002,000 31.000 hours Print Done