Please answer these in excel & show the excel formulas please. thank you WILL RATE

1. Calculate the budgeted manufacturing overhead rate. 2. Calculate the manufacturing overhead allocated during 2020 . 3. Calculate the amount of under-or overallocated manufacturing overhead. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab or if you type the numbers in, you will be marked wrong.) a. Enter your answer as a positive value. Taylor Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per nachine-hour. The following data are available for 2020: Jse the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste rom the Instructions tab or if you type the numbers in, you will be marked wrong. 1. Calculate the budgeted manufacturing overhead rate. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab or if you type the numbers in, you will be marked wrong.) The budgeted manufacturing overhead rate is 2. Calculate the manufacturing overhead allocated during 2020. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab or if you type the numbers in, you will be marked wrong.) 3. Calculate the amount of under- or overallocated manufacturing overhead. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab or if you type the numbers in, you will be marked wrong.)