individual jobs based on the machine hours required. At the beginning of the Smith Foundry in Columbus, Ohio, uses a predetermined manufacturing year, the company expected to incur the following: (Click the icon to view the costs.) Requirements 1. Compute Smith's predetermined manufacturing overhead rato. 2. How much manufacturing overhead was allocated to jobs during 3. How much manufacturing overhead was incurred during the year? Is manufacturing 4. Were the jobs overcosted or undercosted? By how much? or overallocated at the end of the year? By how much? 23 Requirement 1. Compute Smith's predetermined manufacturing overhead rate. Determine the formula calculate the predetermined overhead rate, then cal Manufacturing overhead costs.... Direct labor cost Machine hours . $ 630,000 1,650,000 90,000 At the end of the year, the company had actually incurred the following: Direct labor cost ..... $ 1,230,000 Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries Delivery drivers' wages 480,000 19,500 26,500 17,000 individual jobs based on the machine hours required. At the beginning of the Smith Foundry in Columbus, Ohio, uses a predetermined manufacturing year, the company expected to incur the following: (Click the icon to view the costs.) Requirements 1. Compute Smith's predetermined manufacturing overhead rato. 2. How much manufacturing overhead was allocated to jobs during 3. How much manufacturing overhead was incurred during the year? Is manufacturing 4. Were the jobs overcosted or undercosted? By how much? or overallocated at the end of the year? By how much? 23 Requirement 1. Compute Smith's predetermined manufacturing overhead rate. Determine the formula calculate the predetermined overhead rate, then cal Manufacturing overhead costs.... Direct labor cost Machine hours . $ 630,000 1,650,000 90,000 At the end of the year, the company had actually incurred the following: Direct labor cost ..... $ 1,230,000 Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries Delivery drivers' wages 480,000 19,500 26,500 17,000