K Regal Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Regal Uniforms reports the following cost data for the past year: (Click the icon to view the cost data.) Read the requirements. Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Estimated yearly overhead costs Estimated yearly machine hours = Predetermined overhead rate 168,000 7,000 Requirement 2. Calculate the allocated manufacturing overhead for the past year. Data table x x Budget = $ 24 per machine hour = = Actual Manufacturing overhead allocated Direct labor hours... 7,400 hours 6,000 hours Machine hours.. 7,000 hours 6,300 hours Depreciation on salespeople's autos. $ 20,000 $ 20,000 Requirements Indirect materials.... $ 50,000 $ 50,500 Depreciation on trucks used to deliver uniforms to customers $ 12,000 $ 10,500 Depreciation on plant and equipment... $ 71,000 $ 72,500 1. Compute the predetermined manufacturing overhead rate. 2. Calculate the allocated manufacturing overhead for the past year. Indirect manufacturing labor.... $ 42,000 $ Customer service hotline.... $ 21,000 S 43,000 23,500 Plant utilities. Direct labor cost. $ S 5,000 $ 70,500 $ 7,000 86,000 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? 4. How can managers use accounting information to help control manufacturing overhead costs?