PLEASE FILL IN THE BLANKS.

Jackson manufactures wooden backyard playground equipment. Jackson estimated $1,920,000 of manufacturing overhead and $2,100,000 of direct labour cost for the year. After the year was over, the accounting records indicated that the company had actually incurred $1,850,000 of manufacturing overhead and $2,300,000 of direct labour cost. 1. Calculate Jackson's predetermined manufacturing overhead rate assuming that the company uses direct labour cost as an allocation base. 2. How much manufacturing overhead would have been allocated to manufacturing jobs during the year? 3. At year-end, was manufacturing overhead overallocated or underallocated? By how much? (Hint: Use a T-account to aid your analysis.) 1. Calculate Jackson's predetermined manufacturing overhead rate assuming that the company uses direct labour cost as an allocation base. (Round the percentage to two decimal places, X.XX%.) Predetermined manufacturing overhead rate % 2. How much manufacturing overhead would have been allocated to manufacturing jobs during the year? (Round interim calculations to two decimal places. Round your final answer to the nearest whole dollar.) Manufacturing overhead assigned X % = 3. At year-end, was manufacturing overhead overallocated or underallocated? By how much? (Hint: Use a T-account to aid your analysis.) Complete the T-account to determine the ending balance of manufacturing overhead. (Leave any unused cells blank.) Manufacturing Overhead (Actual) (Allocated) Manufacturing overhead is by $