E3-25A (book/static) Smith Foundry in Columbus, Ohio, uses a predetermined manudadturing overhead ae to alscate overhead to individual jobs baseod on the machine hours required Al the beginning of the year, the company expecterd to inour the folowing EEE Click the loon to view the costs ) 1. Compute Smith's predetermined manufacturing overhead ate 2. How much manufacturing overhead was allocated to jobs during the year? 3. How much manufacturing overhead was inourmed during the year? is manufacturing overhead 4. Were the jobs overcosted or underoosted? By how mach? or overallocated at the and of the year? By how much Requirement 1.Compute Smith's predelemined manufacturing overhead Determine the formula to calculate the predetermsined overhead rate, then caloulae the Esimaled yearly ovarhead cost per machine hour