E4-35 (similar to) Question Help The Ride-On-Water Company (ROW) produces a line of non-motorized boats ROW uses a normal-costing system and allocates manufacturing overhead using drect manufacturing labor cost The following data are for 2017 (Click the icon to view the data ) Inventory balances on December 31,2017 were as follows Read the requirements Requirement 1. Calculate the manufacturing overhead allocation rate Identify the formula and calculate the manufacturing overhead allocation rate. (Enter the result as a whiole number) Calculate the manufacturing overhead allocation rate Compute the amount of under- or overallocated manufacturing overhead Calculate the ending balances in work in process, finished goods, and cost of goods sold if under- or overallocated manufacturing overhead is as follows Written off to cost of goods sold b. Prorated based on ending balances (before proration) in each of the three Data Table Budgeted manufacturing overhead c Budgeted direct manufacturing labor cost Actual manulacturing overhead cost Actual S 125,000 250,000 c. Prorated based on the overhead allocated in 2017 in the ending balances before proration) in each of the three accounts Which method would you choose? Justify your a 109,500 S 225.000 4. direct manufacturing labor cost