Gibson Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimated and end of year actual information is provided: Actual at End of year $42,000 9,000 35,000 108,000 MH's Estimated at Beginning of year $ 40,000 10,000 30,000 100,000 MH's Direct Materials Direct Labor Manufacturing overhead costs Machine hours 1.Compute Gibson's overhead allocated rate using normal costing (show calculations): 2. Compute Gibson has over/under allocated overhead at the end of the year (show calculations): 3. Is overhead over or under allocated? 4.Assume Gibson completed Job # 102 , which used $1,000 of direct materials, $200 of direct labor and 900 MH's. What is the total cost of Job #102 (show calculations)