Kimberlee Corporation manufactures custom cabinets for kitchens. It uses a normal costing system with two direct cost categories-direct materials and direct manufacturing labor-and one indirect-cost pool, manufacturing overhead costs. It provides the following information about manufacturing overhead costs for 2017. Begin by calculating the budgeted indirect cost rate. Identify the formula and then calculate the rate. (Assume the cost allocation The manufacturing overhead allocated during the year is $. Identify the formula and calculate the underallocated or overallocated manufacturing overhead. (Use parentheses or a minus sign The following information is available as of December 31, 2017. Calculate the underallocated or overallocated manufacturing overhead at the end of 2017 and prorate it to Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold accounts based on the allocated manufacturing overhead in each account balance using normal costing