Manufacturing overhead costs $ 792,000 33,000 hours Budgeted manufacturing overhead costs Budgeted direct manufacturing labor hours Actual manufacturing overhead costs Actual direct manufacturing labor-hours $ 812,000 29,000 hours Print Done Information Account Work-in-process control Finished goods control Cost of goods sold Actual Direct Account Balance Manufacturing (Before Proration) Labor-Hours $ 36,000 522 $ 56,000 1,798 $ 2,200,000 26,680 $ 2,292,000 29,000 Total Print Done Robinson Corporation manufactures custom cabinets for kitchens. It uses a normal-costing system with two direct cost categoriesdirect materials and direct manufacturing laborand one indirect-cost pool, manufacturing overhead costs. View the manufacturing overhead costs information for 2020 View the other information available as of December 31, 2020. Requirement Calculate the underallocated or overallocated manufacturing overhead at the end of 2020 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. Begin by calculating the budgeted indirect cost rate. Identify the formula and then calculate the rate. (Assume the cost allocation base is direct labor hours.) Budgeted indirect cost rate = 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 to report overhead overallocated.) Underallocated (overallocated) indirect costs = Finally, calculate the manufacturing overhead in each account balance allocated in the curent year, and then prorate the underallocated or overallocated manufacturing overhead 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. (Enter percentages to one decimal point, X.X%.) Manufacturing Overhead in Each Account Account Balance Account Balance Actual Direct Allocated in the Manufacturing Balance (Before Manufacturing Current Year (Before Overhead as a Proration (After) Account Proration) Labor-Hours Proration) Percent of Total Amount Proration) Work-in-process control $ 36,000 522 % Finished goods control $ 56,000 1,798 % 26,680 Cost of goods sold $ 2,200,000 % $ 2,292,000 29,000 Total %