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Please help The Monachino Manufacturing Company has the following budgeted overhead cost and other data for its machining department for the month of December: (Click

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The Monachino Manufacturing Company has the following budgeted overhead cost and other data for its machining department for the month of December: (Click the icon to view the budgeted overhead cost and other data.) Requirement 1. Compute the total budgeted machine hours, total applied overhead cost, and indicate how any difference between the actual overhead cost incurred and applied overhead would be treated on Monachino's income statement for the month of December. Compute the total budgeted machine hours. Budgeted total cost Budgeted overhead rate = Total budgeted machine hours0 Data Table - X Budgeted Data: Indirect labor and supplies T1000 $ Factory.r rent $ 20,000 $ 3,000 Depreciation on equipment Eli 12?,100 Supervision Costallocation base for overhead application Machine hours Budgeted overhead application rate $4 per machine hour Other Data: Actual machine hours during December 54,000 Actual overhead cost incurred during December $ 441,000

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