Please find Req. 3&4.

Jackson Foundry in Youngstown, 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.) Read the requirements. Requirements Data Table - X Requirement 1. Compute Jackson's predetermined manufacturing overhead rate. Determine the formula to calculate the predetermined overhead rate, then calculate the rate. Estimated yearly overhead costs $ 560,000 Estimated yearly machine hours 80.000 = Predetermined o 7 per 1. Compute Jackson'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? Manufacturing overhead costs $ 560,000 Direct labor cost $ 1,450,000 Machine hours................... 80,000 At the end of the year, the company had actually incurred the following: 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 ove Print Done M Predetermined overhead rate Actual machine hours overhead allocated Direct labor cost $ 1,220,000 Depreciation on manufacturing plant and equipment .... $ 465,000 Property taxes on plant $ 18.500 Sales salaries. 23,000 Delivery drivers' wages.. $ 16,500 Plant janitors' wages. $ 9,000 Machine hours... 54,500 hours 54500 381,500 Requirement 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? (If an input field Print Done Total manufacturing overhead