Metal foundry in Youngstown, Ohio, uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the end of the year, the company expected incure of the following:

Manufacturing overhead costs $ 610.000 $ 1,300,000 Direct labor cost ... Machine hours. ... 76.250 At the end of the year, the company had actually incurred the following: . $ 1.240,000 $ 460.000 . . $ 20.500 RE Direct labor cost .. Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries Delivery drivers' wages Plant janitors' wages Machine hours $ 25,500 15 500 CIRI $ 12.000 54 500 hours RER RE Requirements x 1. Compute Metal's predetermined manufacturing overhead rate. 2. How much manufacturing overhead was allocated to jobs during the year? 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? 4. Were the jobs overcosted or undercosted? By how much