Martinez Foundry in Boston, Massachusetts, uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following: (Click the icon to view the costs.) Read the requirements. Requirement 1. Compute Martinez's predetermined manufacturing overhead rate. i Data Table Martinez's predetermined manufacturing overhead rate is per machine hour. Requirement 2. How much manufacturing overhead was allocated to jobs during the year? Manufacturing overhead costs . . . ... $ 610,000 The amount of manufacturing overhead allocated to jobs during the year is Direct labor cost . . $ 1,650,000 Requirement 3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? Machine hours. . .. 76,250 The amount of manufacturing overhead incurred during the year was . Manufacturing overhead was At the end of the year, the company had actually incurred the following: by Direct labor cost . . . . . . . . .. $ 1,170,000 Requirement 4. Were the jobs overcosted or undercosted? By how much? Depreciation on manufacturing plant and equipment . . . . $ 465,000 by Property taxes on plant . . .S 19,500 Jobs were Sales salaries. . . . S 26,500 Delivery drivers' wages. . . . . S 14,000 Plant janitors' wages. S 9,500 Machine hours. . . . . . . . . . . . 53,500 hours Print Done