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please do all of the parts part 2, 3, 4 Smith Foundry in Columbus, Ohio, uses a predetermined manufacturing overhead rate to allocate overhead to

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please do all of the parts

part 2, 3, 4

Smith Foundry in Columbus, Ohio, uses a predetermined manufacturing overhead rate 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.) Requirements 1. Compute Smith'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? 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 Manufacturing overhead costs $ 630,000 Direct labor cost $ 1,650,000 Machine hours. 90,000 At the end of the year, the company had actually incurred the following: $ 1,230,000 Direct labor cost Depreciation on manufacturing plant and equipment Property taxes on plant. Sales salaries 480,000 19,500 GA $ 26,500 Delivery drivers' wages. Plant janitors' wages $ $ 17,000 8,500 Machine hours. 56,500 hours

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