K Dustin Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Dustin allocates manufacturing overhead costs using direct manufacturing labor costs. Dustin provides the following information: (Click the icon to view the information.) Data table Direct material costs Direct manufacturing labor costs Manufacturing overhead costs Budget for 2020 Actual Results for 2020 2,000,000 $ 1,875,000 1,800,000 1,725,000 3.420,000 3,622,500 Requirements 1. Compute the actual and budgeted manufacturing overhead rates for 2020. 2. During March, the job-cost record for Job 626 contained the following information: Direct materials used Direct manufacturing labor costs $60,000 $40,000 Compute the cost of Job 626 using (a) actual costing and (b) normal costing. 3. At the end of 2020, compute the under- or overallocated manufacturing overhead under normal costing. Why is there no under- or overallocated overhead under actual costing? 4. Why might managers at Dustin Products prefer to use normal costing? X >