Please I need a solution for this exercise

Actual costing, normal costing, accounting for manufacturing overhead. Destin Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Destin allocates manufacturing overhead costs using direct manufacturing labor costs. Destin provides the following information: Budget for 2014 Actual Results for 2014 Direct material costs $2,000,000 $1,900,000 Direct manufacturing labor costs 1,500,000 1,450,000 Manufacturing overhead costs 2,700,000 2,755,000

1. Compute the actual and budgeted manufacturing overhead rates for 2014.

2. During March, the job-cost record for Job 626 contained the following information: Direct materials used $40,000 Direct manufacturing labor costs $30,000 Compute the cost of Job 626 using (a) actual costing and (b) normal costing.

3. At the end of 2014, compute the under-or overallocated manufacturing overhead under normal costing. Why is there no under-or overallocated overhead under actual costing?

4. Why might managers at Destin Products prefer to use normal costing?