Flores Foundry in Charleston, South Carolina, uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following: (Click the icon to view the costs.) Read the requirements. Requirement 1. Compute Flores' predetermined manufacturing overhead rate. Flores' predetermined manufacturing overhead rate is per machine hour. Requirement 2. How much manufacturing overhead was allocated to jobs during the year? The amount of manufacturing overhead allocated to jobs during the year is Requirement 3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? The amount of manufacturing overhead incurred during the year was Manufacturing overhead was by Requirement 4. Were the jobs overcosted or undercosted? By how much? Jobs were by Data Table Manufacturing overhead costs $ 580,000 Direct labor cost $ 1,400,000 Machine hours... 72,500 At the end of the year, the company had actually incurred the following: Direct labor cost. Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries... Delivery drivers' wages. Plant janitors' wages. .. Machine hours.. $ 1,230,000 $ 500,000 $ 18,500 $ 25,500 $ 17,000 $ 10,500 54,000 hours Print Done Requirements 1. Compute Flores' predetermined manufacturing overhead rate. 2. How much manufacturing overhead was allocated to jobs during the year? 3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? 4. Were the jobs overcosted or undercosted? By how much? e TIL mu Print Done