Metal Fabricating has two departments that all goods pass through: machining and assembly. Estimated data on each department for 2020 were as follows: Machining Budgeted Overhead $1,200,000 Budgeted Direct Labour Hours 30,000 Budgeted Machine Hours 80,000 Actual Overhead $1,210,000 Actual Direct Labour hours 28,000 Actual Machine hours 85,000 Assembly $380,000 20,000 20,000 $600,000 25,000 18.000 . Format V B I U - Required: 1. Metal Fabricating currently allocates manufacturing overhead using machine hours. Compute the plant- wide overhead rates using machine hours. (2 marks) 2. Using plant-wide rate compute the amount of over-applied or under-applied manufacturing overhead for 2020.(4 marks) F32