Patel Foundry in Rochester, New York, uses a predetermined manufacturing overhead rale 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 Determine the formula to calculate the predetermined overhead rate, then calculate the rate Estimated yearly overhead costs Estimated yearly machine hours Predetermined overhead rate $ 620,000 17.500 58 per machine hour Requirement 2. How much manufacturing overhead was allocated to jobs during the year? Determine the formula to calculate the overhead to be allocated, then calculate the manufacturing overhead allocated Manufacturing overhead allocated Choose from any list or enter any number in the input fields and then click Check Answer 3 paris Clear All Check Answer remaining Data Table . Manufacturing overhead costs 620,000 Direct labor cost. $ 1,550,000 Machine hours.. 77,500 At the end of the year, the company had actually incurred the following $ 1.200.000 $ 500.000 Direct labor cost Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries $ 20.000 24.000 $ 14 000 Delivery drivers' wages Plant janitors' wages Machine hours . 5 9.500 . . . . - . 56 500 hours Print Done