Flores Foundry in Rochester, New York, 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.) 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 Hv Manufacturing overhead was Flores Foundry in Rochester, New York, 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.) 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 by Requirement 4. Were the jobs overcosted or undercosted? By how much? Jobs were by Manufacturing overhead was Data table oint(s Manufacturing overhead costs.. $ 590,000 ate ove Direct labor cost. $ 1,650,000 73,750 Machine hours.. At the end of the year, the company had actually incurred the following: Direct labor cost $ 1,200,000 Depreciation on manufacturing plant and equipment $ 500,000 Property taxes on plant 22,000 Sales salaries. 23,500 Delivery drivers' wages 13,500 Plant janitors' wages 10,000 Print Done overhe Data table Direct labor cost.. Machine hours.. $ 1,650,000 73,750 At the end of the year, the company had actually incurred the following: $ 1,200,000 Direct labor cost... Depreciation on manufacturing plant and equipment $ 500,000 Property taxes on plant $ 22,000 Sales salaries 3,500 Delivery drivers' wages. $ 13,500 Plant janitors' wages Machine hours $ 10,000 55,500 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? Print Done - X