Omni Corporation uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2020: - Budgeted Manufacturing Overhead Costs $2,700,000 - Budgeted Machine-Hours 150,000 - Actual Manufacturing Overhead Costs $2,900,000 - Actual Machine-Hours 165,000

Solve: - Calculate the budgeted manufacturing overhead rate. - Calculate the manufacturing overhead allocated during 2020. - Calcuate the amount of over/under allocated manufacturing overhead. Clearly indicate whether overhead is under/over allocated - Provide a brief (1-2 sentances) explanation of why overhead was under/overallocated in this case.